Kazakhstan plans to explore crypto investments using national reserves including gold and foreign currency. Timur Suleimenov head of the national bank said the country is studying models from the US Norway and the Middle East where state funds hold crypto assets ETFs or shares in crypto-linked companies.

This move follows a global trend where governments adopt digital assets to diversify investments. Bhutan and even the Trump administration have made headlines for embracing Bitcoin as part of state strategy. Kazakhstan which controls about 13 percent of the global Bitcoin hashrate holds a strong presence in the crypto mining world.

While crypto’s volatility is a concern Suleimenov emphasized a cautious approach. He also confirmed plans to create a separate fund for crypto seized from illegal activities highlighting Kazakhstan’s growing interest in the digital asset space. The national bank aims for higher returns through aggressive strategies similar to sovereign wealth funds worldwide.

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