Kazakhstan’s National Bank has announced plans to establish a state Bitcoin and crypto reserve, marking a significant shift in the country’s approach to Bitcoin amid growing institutional adoption of crypto.

According to statements from National Bank Chair Timur Suleimenov, the bank is developing a comprehensive framework for the formation and management of Bitcoin and crypto reserves through a specialized subsidiary focused on alternative investments.

The acceleration of corporate and sovereign crypto adoption has been remarkable. From Strategy’s 597,325 BTC holdings to Ukraine’s recent Bitcoin reserve legislation, we see unprecedented institutional interest across…

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