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Kazakhstan’s crypto reserve strategy – A $3.92B shift by 2026?
The post Kazakhstan’s crypto reserve strategy – A $3.92B shift by 2026? appeared on BitcoinEthereumNews.com. Key Takeaways Kazakhstan plans a sovereign crypto reserve and national digital asset ecosystem, moving beyond mining. Tokayev also pushed “CryptoCity” in Alatau as part of the country’s broader digital push. As cryptocurrency adoption accelerates worldwide, Kazakhstan signaled its intent to become a serious player in the digital asset economy. Kazakhstan’s President announces crypto plans During his annual address, President Kassym-Jomart Tokayev called for the establishment of a comprehensive digital asset ecosystem. He urged the Agency for Regulation and Development of the Financial Market to draft legislation by 2026. Of course, it positions Kazakhstan now alongside nations exploring sovereign crypto reserves. He said, “It is advisable to create a State Fund of Digital Assets on the basis of the National Bank’s Investment Corporation. This structure will accumulate a strategic crypto reserve consisting of promising assets in the new digital financial system.” From mining hub to holder Kazakhstan first emerged as a major crypto player in 2021, when it became one of the world’s top Bitcoin [BTC] mining hubs following China’s mining ban. The country’s abundant energy and transparent regulations initially made it a magnet for crypto miners, securing its place in the global digital asset economy. However, President Tokayev’s latest proposal signals a strategic shift. Rather than focusing solely on mining, Kazakhstan is now positioning itself as a sovereign holder of digital assets. This move aligns with a growing trend among governments exploring Bitcoin and other cryptocurrencies as reserve assets to enhance financial stability and hedge against currency volatility. ‘CryptoCity’ in Alatau That being said, this is not the first time Tokayev has hinted at advancing crypto integration. Back in May, he revealed plans for a pilot zone where digital currencies could be used for everyday transactions. At the time, reports speculated that Kazakhstan would launch the “CryptoCity” project in Alatau,…
The post Kazakhstan’s crypto reserve strategy – A $3.92B shift by 2026? appeared on BitcoinEthereumNews.com.
Key Takeaways Kazakhstan plans a sovereign crypto reserve and national digital asset ecosystem, moving beyond mining. Tokayev also pushed “CryptoCity” in Alatau as part of the country’s broader digital push. As cryptocurrency adoption accelerates worldwide, Kazakhstan signaled its intent to become a serious player in the digital asset economy. Kazakhstan’s President announces crypto plans During his annual address, President Kassym-Jomart Tokayev called for the establishment of a comprehensive digital asset ecosystem. He urged the Agency for Regulation and Development of the Financial Market to draft legislation by 2026. Of course, it positions Kazakhstan now alongside nations exploring sovereign crypto reserves. He said, “It is advisable to create a State Fund of Digital Assets on the basis of the National Bank’s Investment Corporation. This structure will accumulate a strategic crypto reserve consisting of promising assets in the new digital financial system.” From mining hub to holder Kazakhstan first emerged as a major crypto player in 2021, when it became one of the world’s top Bitcoin [BTC] mining hubs following China’s mining ban. The country’s abundant energy and transparent regulations initially made it a magnet for crypto miners, securing its place in the global digital asset economy. However, President Tokayev’s latest proposal signals a strategic shift. Rather than focusing solely on mining, Kazakhstan is now positioning itself as a sovereign holder of digital assets. This move aligns with a growing trend among governments exploring Bitcoin and other cryptocurrencies as reserve assets to enhance financial stability and hedge against currency volatility. ‘CryptoCity’ in Alatau That being said, this is not the first time Tokayev has hinted at advancing crypto integration. Back in May, he revealed plans for a pilot zone where digital currencies could be used for everyday transactions. At the time, reports speculated that Kazakhstan would launch the “CryptoCity” project in Alatau,…
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