Kazakhstan central bank to invest up to $350 million in crypto-related assets: report

Kazakhstan's central bank Governor Timur Suleimenov announced that the bank is forming an investment portfolio of up to $350 million, drawn from its gold and foreign exchange reserves, to invest in cryptocurrency-related assets. The portfolio will include instruments beyond direct cryptocurrency holdings, such as shares in high-tech companies linked to digital assets and index funds that mirror crypto dynamics. Central Bank Deputy Chair Aliya Moldabekova clarified that the investment program is expected to start in April or May and will not involve large direct allocations to cryptocurrencies, focusing instead on digital asset infrastructure companies. This initiative aligns with Kazakhstan's broader interest in the digital asset sector, which includes previous plans for a national cryptocurrency reserve funded by seized assets and a potential $500 million to $1 billion crypto reserve fund.

(Source：The Block)