Kazakhstan will establish a crypto reserve: It will be supported by two sources.

Kazakhstan, which has taken many important steps in this field, especially in crypto mining, is also preparing to create a crypto reserve. According to news based on official statements from Kazakhstan's official state news agency Kazinform, the source of the reserve will be the digital assets confiscated by the state and revenues from public crypto mining activities.

"Subject to regulation by the authority..."

Timur Süleymanov, the President of the Central Bank of Kazakhstan, emphasized that crypto assets contain high volatility and risks, stating that it is essential for such a reserve to be regulated by a central authority in terms of risk management. In response to a parliamentary inquiry, the Central Bank had also officially stated its support for the idea of a crypto reserve. The response noted that the reserve could be managed by a central bank subsidiary specialized in alternative investments.

The President is also supporting.

Kazakhstan's President Kassym-Jomart Tokayev is also one of the names expressing a positive opinion on cryptocurrencies... Last month, Tokayev announced a pilot "Crypto City" project where spending with cryptocurrencies would be possible.

It has turned into a craze in the USA

As is known, the creation of reserves for crypto, especially Bitcoin, has turned into a craze in the US. Following Donald Trump's steps to create federal reserves, states have also started to follow the same path. Most recently, Texas, the second largest economy in the US, has accepted Bitcoin reserves and made a decision to purchase Bitcoin worth 10 million.

Published: June 30, 2025 15:31Last Updated: June 30, 2025 15:43