Speaking at a press conference, Central Bank Governor Timur Suleimenov revealed that authorities are analyzing how countries like Norway, the […]
The post Kazakhstan Explores Crypto Investments for National Reserves appeared first on Coindoo.
Speaking at a press conference, Central Bank Governor Timur Suleimenov revealed that authorities are analyzing how countries like Norway, the U.S., and several Gulf states approach exposure to digital assets—whether through cryptocurrencies themselves or through stocks and ETFs tied to the sector.
He said Kazakhstan is aiming to enhance returns with more aggressive portfolio strategies, and crypto is now part of the discussion.
While no decisions have been finalized, Suleimenov acknowledged the high volatility of the asset class and stressed that any move would be carefully evaluated. He also confirmed that the country is considering creating a separate reserve for crypto assets seized from illegal activities.
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Though modest in size economically, Kazakhstan remains a heavyweight in the crypto space, accounting for about 13% of the global Bitcoin mining hashrate.
The post Kazakhstan Explores Crypto Investments for National Reserves appeared first on Coindoo.
Source: https://coindoo.com/kazakhstan-explores-crypto-investments-for-national-reserves/
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