Kazakhstan National Bank is planning to buy Bitcoin and other crypto!
Great news! Up to $300 million in total...
National Bank chairman Timur Suleimenov clarifies that the potential investments concern the National Bank’s own foreign exchange reserves, not the sovereign National Fund, and that within these reserves a separate portfolio has been set up for high-tech stocks and digital financial instruments, including crypto assets, with a possible allocation of up to 300 million dollars but no obligation to deploy the full amount.
Suleimenov stresses that, after the recent downturn across the crypto and broader digital asset market, the bank will only act when solid investment opportunities appear, relying on thorough analysis and not “running headlong” into crypto; for now, legal and infrastructure frameworks are prepared, but decisions are deliberately delayed until market conditions stabilize.
Source:
https://www.zakon.kz/finansy/6499329-nikuda-bezhat-ne-sobiraemsya-glava-natsbanka-o-vkladakh-zolotovalyutnykh-rezervov-v-kriptoaktivy.html