Kazakhstan Central Bank Eyes Crypto-Linked Portfolio Investments

Kazakhstan's central bank intends to allocate up to $350 million from its gold and foreign exchange reserves into a portfolio linked to cryptocurrencies, with initial purchases anticipated in April or May. National Bank Governor Timur Suleimenov stated the bank is compiling a list of instruments, which may include direct cryptocurrency exposure but will initially focus on listed, sector-tied assets. Deputy Governor Aliya Moldabekova indicated that investments could also involve shares in digital asset infrastructure companies and tracking ETFs. This move represents a significant step for Kazakhstan in gaining market exposure to digital assets via reserve management, building upon previous discussions about creating a state crypto reserve and the launch of the state-backed Alem Crypto Fund.

(Source：Cointelegraph)