Key Takeaways:
- Kazakhstan plans to establish a national cryptocurrency reserve funded by confiscated crypto and state mining operations.
- The central bank aims to manage the reserve through a specialized subsidiary to mitigate risks and ensure regulatory control.
- This initiative aligns with broader efforts, including “CryptoCity,” to position Kazakhstan as a Central Asian crypto hub.
Kazakhstan’s central bank is advancing plans to create a national cryptocurrency reserve, according to a report from state news agency Kazinform.
The reserve will be government-controlled and is expected to be funded primarily through confiscated digital assets and revenues from state-affiliated crypto mining operations.
BREAKING: 🇰🇿 National Bank of Kazakhstan Governor says they are working to establish a #Bitcoin and crypto reserve. pic.twitter.com/BFrzmLUz0T
— Bitcoin Magazine (@BitcoinMagazine) June 30, 2025
This initiative aims to align with international practices while ensuring effective oversight and risk management.
Timur Suleimenov, Chairman of the National Bank of Kazakhstan, highlighted the need for centralized supervision due to the volatile nature of crypto markets.
A formal response from the bank dated May 22 reaffirmed support for the reserve and suggested it may be managed by a specialized subsidiary focused on alternative investments.
The move signals a broader policy shift in Kazakhstan’s stance on digital assets.
In May, President Kassym-Jomart Tokayev introduced “CryptoCity,” a pilot zone where cryptocurrencies can be used for everyday transactions.
Additionally, First Vice Minister of Digital Development Kanysh Tuleushin emphasized that streamlined regulations could help Kazakhstan become a leading crypto hub in Central Asia.
The planned reserve and supportive regulatory environment indicate the country’s intention to integrate digital assets into its financial system while maintaining strict government oversight.
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