The Governor of the National Bank of Kazakhstan, Timur Suleimenov, stated that Kazakhstan is considering allocating some alternative investment portfolios of foreign exchange reserves and national funds to crypto assets in order to increase returns. At the same time, the government plans to establish a national crypto asset reserve for storing assets confiscated by law enforcement agencies, and explore the internal participation of state-owned enterprises in mining, with related income to be included in the reserve. [Kursiv]

On July 14 (UTC+8), according to Kazakh media Kursiv, Timur Suleimenov, Governor of the National Bank of Kazakhstan, stated that the country is considering investing part of its foreign exchange reserves and national fund assets in crypto assets. Suleimenov revealed at a press conference that Kazakhstan has an "alternative investment portfolio" of foreign exchange reserves and national funds that can be used to implement more aggressive investment strategies. He said that he has studied the experience of Norwegian, American, and Middle Eastern funds, which have already directly invested in crypto assets or related ETFs and company stocks. The National Bank "does not rule out" investing part of the alternative investment portfolio in funds related to the crypto industry, but emphasized that this is a complex issue that needs to be approached with caution, as such assets may bring high returns but are also highly volatile. In addition, Kazakhstan plans to establish a national crypto asset reserve to store digital assets confiscated by law enforcement agencies and may accept taxes or mandatory payments in the form of crypto assets. (Source: Kursiv) [Meta Era]

Kazakhstan Plans to Invest Part of its Foreign Exchange Reserves and National Fund Assets in Crypto Assets

Kazakhstan Considers Investing Part of National Reserve in Crypto Assets

According to local media Kursiv, Timur Suleimenov, Governor of the National Bank of Kazakhstan, stated that the country plans to invest its gold and foreign exchange reserves and national fund assets in crypto assets. He said that Kazakhstan has alternative investment portfolios for gold and foreign exchange reserves and national funds, and adopts aggressive strategies to obtain higher returns. It has also studied the experience of Norwegian, American, and Middle Eastern funds, some of which directly invest in crypto assets, and some invest in related ETFs and stocks, but on a small scale. The central bank "does not rule out" investing some of the alternative investment portfolio funds of its gold and foreign exchange reserves in crypto industry-related funds. He cautioned that such assets have high returns but also high volatility, and should not be rushed. In addition, Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If enterprises mine on behalf of the country, some assets can be included in the reserve through taxes and other forms, and there are similar practices in the world. [Foresight News]

Kazakhstan Plans to Invest Gold and Foreign Exchange Reserves and National Fund Assets in Crypto Assets

On July 14 (UTC+8), July 14, Timur Suleimenov, Governor of the National Bank of Kazakhstan, stated that the country is considering investing part of its foreign exchange reserves and national fund assets in crypto assets. Suleimenov revealed at a press conference that Kazakhstan has an "alternative investment portfolio" of foreign exchange reserves and national funds that can be used to implement more aggressive investment strategies. He said that he has studied the experience of Norwegian, American, and Middle Eastern funds, which have already directly invested in crypto assets or related ETFs and company stocks. The National Bank "does not rule out" investing part of its alternative investment portfolio in funds related to the crypto industry, but emphasized that this is a complex issue that needs to be approached with caution, as such assets may bring high returns but are also highly volatile. In addition, Kazakhstan plans to establish a national crypto asset reserve to store digital assets confiscated by law enforcement agencies and may accept taxes or mandatory payments in the form of crypto assets. (Source: TechFlow) [Meta Era]

On July 14, according to Kazakh media Kursiv, Timur Suleimenov, head of the National Bank of Kazakhstan, said that the country is considering investing part of its foreign exchange reserves and national fund assets in crypto assets. Suleimenov revealed at a press conference that Kazakhstan has an "alternative investment portfolio" of foreign exchange reserves and national funds that can be used to implement more aggressive investment strategies. He said that he has studied the experience of Norwegian funds, US and Middle Eastern funds, which have already directly invested in crypto assets or related ETFs and company stocks. The National Bank "does not rule out" investing part of its alternative investment portfolio in funds related to the crypto industry, but emphasized that this is a complex issue that needs to be handled with caution, as such assets may bring high returns, but are also highly volatile. In addition, Kazakhstan plans to establish a national crypto asset reserve to store digital assets confiscated by law enforcement agencies, and may accept taxes or mandatory payments in the form of crypto assets. [TechFlow]

Timur Suleimenov, Governor of the National Bank of Kazakhstan, stated that the country plans to explore investing its gold and foreign exchange reserves and national fund assets in cryptocurrencies. However, he cautioned that crypto assets have high returns but also high volatility, and should not be rushed into. In addition, Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If enterprises mine on behalf of the state, some assets can be included in the reserve through taxes and other means. (Kursiv) [Odaily Planet Daily]

National Bank of Kazakhstan: Plans to explore investing gold and foreign exchange reserves and national fund assets in cryptocurrencies

Kazakhstan has considered investing its national funds, such as gold and foreign exchange reserves, in crypto assets. Timur Suleimenov, the governor of the country's Central Bank, confirmed the possibility to local media at a press conference on Monday. According to Süleimenov, Kazakhstan is currently reviewing investments made by national funds in Norway, the US, and the Middle East in cryptocurrencies or in company stocks and ETFs related to this sector. "Our gold and foreign exchange reserves, as well as the National Fund, have alternative portfolios. We are using aggressive strategies to generate higher investment returns," Süleimenov said, adding that direct investments in cryptocurrencies are also being considered among these strategies. However, the Central Bank Governor emphasized the volatile nature of crypto assets and stated that no hasty decisions would be made. He also noted that plans to establish a separate reserve for crypto assets seized from illicit sources are ongoing. While Kazakhstan may have a smaller economy globally, it plays a significant role in the cryptocurrency world. The country controls approximately 13% of the global Bitcoin mining hashrate. *This is not investment advice.

Another Country Announces Plan to Create Bitcoin and Cryptocurrency Fund

<p>Kazakhstan's cautious exploration of digital assets could influence global sovereign wealth strategies, balancing high returns with volatility.</p>
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Kazakhstan’s National Bank considers investing its national fund in digital assets

Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle East in developing its crypto strategy.

Kazakhstan wealth fund, gold, FX reserves to be invested in crypto — Report

哈萨克斯坦国家银行行长Timur Suleimenov表示，哈萨克斯坦正在考虑将部分外汇储备和国家基金的另类投资组合配置到加密资产中，以提高收益。同时，政府计划建立国家加密资产储备，用于存储执法机关没收的资产，并探索国有企业内部参与挖矿的可能性，相关收入将纳入该储备。

哈萨克斯坦考虑将部分国家储备投资于加密资产

哈薩克斯坦國家銀行行長Timur Suleimenov表示，哈薩克斯坦正在考慮將部分外匯儲備和國家基金的另類投資組合配置到加密資產中，以提高收益。同時，政府計劃建立國家加密資產儲備，用於存儲執法機關沒收的資產，並探索國有企業內部參與挖礦的可能性，相關收入將納入該儲備。