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Kazakhstan is preparing to create a national crypto reserve fund valued between $500 million and $1 billion, according to a Bloomberg report. The move marks a major step toward diversifying the country’s economy and reducing its dependence on oil revenues.
The proposed fund will invest in crypto-related companies and exchange-traded funds (ETFs) to gain indirect exposure to digital assets such as Bitcoin. The Deputy Governor of Kazakhstan’s Central Bank confirmed the initiative, describing it as part of the nation’s broader effort to modernize financial strategies and embrace digital innovation.
Authorities are also considering allocating portions of gold and foreign exchange reserves into crypto investments. By integrating digital assets into national reserves, Kazakhstan joins a growing list of countries leveraging blockchain-based financial instruments to strengthen economic resilience and attract global investors. The move signals a strong pro-crypto stance and positions Kazakhstan as a rising player in the global digital economy.
