Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Kazakhstan considers buying cryptocurrency with gold and foreign fiat currency

robot
Abstract generation in progress

The National Bank of Kazakhstan (NBK) stated that it is considering transferring part of the national reserves, including gold and foreign currency, to invest in cryptocurrency. NBK Vice Chairman Berik Sholpankulov mentioned that the government is establishing a national crypto reserve fund, in which cryptoassets confiscated from criminal cases will be used as the main source. Additionally, state-owned enterprises may participate in contributing or crypto mining, while also providing energy for private mining companies and receiving payments in crypto.

This move aims to diversify the national reserves, reduce dependence on global commodity fluctuations, and strengthen Kazakhstan's position as a regional crypto center. The crypto reserve fund approved by President Kassym-Jomart Tokayev in September marks a new step in the national financial strategy.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)