According to Monday’s report by the government news agency Cazinform, the National Bank of Kazakhstan plans to establish a state-managed Cryptocurrency Reserve.
Local authorities are studying the development of a crypto reserve, which will follow international practices. The report stated that usually, such reserves are likely to be funded with digital assets and state -run crypto mining operations.
Taimur Sulemenov, president of the National Bank of Kazakhstan, acknowledged the instability and risks associated with the crypto assets. He said that keeping a reserve under the control of a centralized institute would ensure proper inspection and risk management.
A feedback Until a parliamentary inquiry related to digital assets from National Bank on 22 May, it also said that the central bank supported the construction of the state -run Crypto Reserve. The document suggested that it can be managed by the National Bank Assistant specialized in alternative investment.
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Kazakhstan bets on crypto
It is the latest in a series of reports related to adopting the cryptocurrency of Kazakhstan. In May, President Qasim-Zammart Tocayav Announced a plan to launch “Cryptosate”, A pilot zone where cryptocurrency can be used to pay for goods and services.
Kansha Tuleshin, the first vice president of Kazakhstan’s digital development, said in May that with easy regulation, the country can do it Be a leading crypto hub In Central Asia.
At the same time, the authorities are following strict enforcement, as seen in 36 Cracks on illegal cryptocurrency exchanges In 2024. Officials said the purpose of Kracdown is to stop money laundering and financial oversight.
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National Crypto reserves grow in popularity
National cryptocurrency reserve operated by the stateS is gaining popularity worldwide, although such an initiative usually consider only bitcoin (BTC) As an alternative. Last week, India’s ruling BJP party spokesperson Pradeep Bhandari, A bitcoin reserve pilot is called And clarity on the country’s attitude for Crypto.
Earlier this month, Texas Governor Greg Abbott signed a bill officially authorized. Creation of Texas Strategic Bitcoin ReserveBoth initiatives Follow American strategic bitcoin reserve,
America is also seeing the growing pace behind the idea. American senator Synthia Lummis recently said that some partitions within the US Army Support the idea of a national bitcoin reserve To reduce the dangers of economic war.
magazine: US risk due to ‘front run’ by other countries on bitcoin reserve: Samson Mav
