Kazakhstan plans to invest part of its forex reserves and national fund assets in encryption assets.

According to Deep Tide TechFlow news on July 14, as reported by Kazakhstan media Kursiv, the Governor of the National Bank of Kazakhstan, Timur Suleimenov, stated that the country is considering investing part of its forex reserves and national fund assets in encryption assets.

Suleimenov revealed at a press conference that Kazakhstan has a "substitute investment portfolio" of forex reserves and national funds that can be used to implement more aggressive investment strategies. He stated that he has studied the experiences of the Norwegian fund, as well as funds from the United States and the Middle East, which have directly invested in encryption assets or related ETFs and company stocks.

The national bank "does not rule out" investing part of its alternative portfolio in funds related to the encryption industry, but emphasizes that this is a complex issue that requires caution, as such assets may offer high returns but also come with high volatility. In addition, Kazakhstan plans to establish a national encryption asset reserve for storing digital assets seized by law enforcement agencies and may accept taxes or mandatory payments made in the form of encryption assets.

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