The National Bank of Kazakhstan plans to invest between $50 million and $300 million in cryptocurrency assets, sourced from its foreign exchange reserves. Despite recent Bitcoin price declines and crypto market volatility, the bank aims for a cautious approach, investing primarily through ETFs and crypto-related stocks. These efforts align with Kazakhstan's broader digital asset strategy, including the creation of national crypto funds, launching a spot Bitcoin ETF, and developing a crypto-friendly regulatory framework. Concurrently, the country continues to clamp down on unlicensed operations and advances its digital tenge rollout and CryptoCity project.
Continue to read Kazakhstan's Central Bank Eyes Up to $300M Investment in Crypto Amid Market Volatility
The National Bank of Kazakhstan plans to invest between $50 million and $300 million in cryptocurrency assets, sourced from its foreign exchange reserves. Despite recent Bitcoin price declines and crypto market volatility, the bank aims for a cautious approach, investing primarily through ETFs and crypto-related stocks. These efforts align with Kazakhstan's broader digital asset strategy, including the creation of national crypto funds, launching a spot Bitcoin ETF, and developing a crypto-friendly regulatory framework. Concurrently, the country continues to clamp down on unlicensed operations and advances its digital tenge rollout and CryptoCity project.
Continue to read Kazakhstan's Central Bank Eyes Up to $300M Investment in Crypto Amid Market Volatility
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