Key Takeaways:
- Kazakhstan plans to create a national crypto reserve and pass a digital asset law by 2026 to boost its digital finance ecosystem.
- A State Fund of Digital Assets will be established under the National Bank’s Investment Corporation to hold strategic crypto reserves.
- The country is moving forward with building “CryptoCity” in Alatau, aiming to be the region’s first fully digitalized city.
Kazakhstan’s President Kassym-Jomart Tokayev has unveiled a sweeping initiative to position the country as a leader in digital finance, anchored by a national crypto reserve and a new digital asset law to be completed by 2026.
In his annual address, Tokayev instructed the Agency for Regulation and Development of the Financial Market to draft legislation that will establish a comprehensive digital asset ecosystem.
KAZAKHSTAN’S PRESIDENT TOKAYEV HAS PROPOSED CREATING A STRATEGIC CRYPTO RESERVE.
— 0xMarioNawfal (@RoundtableSpace) September 8, 2025
THE SNOWBALL EFFECT IS REAL pic.twitter.com/aRplDzJULq
A centerpiece of this effort is the proposed State Fund of Digital Assets, built on the National Bank’s Investment Corporation, which will hold a strategic reserve of promising cryptocurrencies and related assets.
The announcement follows earlier reports that Kazakhstan’s central bank considered a crypto reserve funded by seized assets, aligning with global moves by countries like Brazil, Indonesia, and the United States.
Tokayev also confirmed progress on “CryptoCity”, a pilot project in Alatau, aimed at becoming the first fully digitalized city in the region, where crypto payments will be accepted for daily transactions.
While Kazakhstan has emerged as a global Bitcoin mining hub due to low energy costs, challenges such as illegal mining operations and strain on the power grid persist.
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