- Kazakhstan to build crypto reserve using seized assets for future security.
- The nation plans to invest gold and foreign reserves in crypto assets carefully.
- Kazakhstan also eyes national crypto bank alongside tighter crypto trading rules.
Kazakhstan is taking new steps to strengthen its position in the crypto world. Recently, the country announced that it will create a national crypto reserve using confiscated digital assets. Timur Suleimenov, who is the head of the National Bank of Kazakhstan, presented this plan at a press conference.
Kazakhstan to Invest Reserves in Crypto for Higher Returns
Suleimenov stated that Kazakhstan will invest a portion of its foreign exchange reserves and gold reserves into crypto. This will also be used on the assets of the National Fund. He said the nation is interested in constructing a diversified portfolio. This portfolio aims to achieve higher investment returns through crypto assets.
For example, Kazakhstan examined the experiences of other states, such as Norway, the United States, and those in the Middle East. These nations spend small shares of their national reserves on crypto assets, ETFs, or stakes in crypto-related firms. Based on this, Kazakhstan is now interested in experimenting with the same technique.
But Suleimenov also issued a word of caution. According to him, crypto assets are highly volatile and can result in big profits. Thus, the National Bank will proceed carefully and will not be hasty.
Moreover, the National Bank is interested in establishing a special state fund to store digital assets that are seized by law enforcement. This will require new infrastructure. Suleimenov also mentioned that in case state-owned companies mine crypto, some of it can go into the reserve as taxes or payments. This model is being used in other countries.
Meanwhile, Kazakhstan is further strengthening regulations against illegal crypto trading. The sale and purchase of crypto are only lawful on licensed exchanges within the Astana International Financial Centre (AIFC). In the near future, the use of the gray market to trade crypto may be punishable by administrative or criminal means.
Furthermore, the National Bank plans to limit ads for digital assets. This indicates that although Kazakhstan wishes to develop its crypto industry, it does not wish to allow it to become out of control.
Kazakhstan Eyes Crypto Reserve, CryptoCity, and Crypto Bank
The crypto plans of Kazakhstan do not end here. The country had previously this year launched another ambitious project known as CryptoCity. The President introduced this notion at the Astana International Forum 2025 as the first instance. CryptoCity is aimed at experimenting on how individuals and companies can utilize crypto in making payments.
Alatau will be the test site of CryptoCity. In this case, individuals will be purchasing and selling items, services, as well as property with crypto. The project will serve as a sandbox to new ideas. It will assist the government to identify what is effective and what is not.
Besides, in March, the lawmakers of Kazakhstan discussed the possibility of establishing a crypto bank. Deputy Azat Peruashev proposed this plan. He desires the National Bank and other large banks to buy into this idea.
To conclude, Kazakhstan is rushing towards the crypto industry. The country aims to be a major actor by making plans to establish a national crypto reserve, opening CryptoCity, and considering a crypto bank. Nevertheless, leaders will ensure to take every step with caution. Kazakhstan has ambitious plans to expand its economy with the help of crypto and ensure its future with powerful regulations and ambitious ideas.
The post Kazakhstan Plans National Crypto Reserve for Seized Assets appeared first on Live Bitcoin News.