Kazakhstan is contemplating the inclusion of cryptocurrency in its investment strategies for national reserves. Central Bank Governor Timur Suleimenov announced that authorities are exploring practices from other countries.
Approach to Crypto Investments
At a press conference, Timur Suleimenov noted that Kazakhstan is analyzing the approaches of countries such as Norway, the U.S., and several Gulf states to digital assets, whether through cryptocurrencies themselves or through stocks and ETFs linked to the sector.
Risks and Strategies
The governor emphasized that Kazakhstan aims to enhance returns with more aggressive portfolio strategies, and crypto is now part of the discussion. He also stressed the high volatility of the asset class and that any move would be carefully evaluated.
Crypto Assets in National Reserves
Suleimenov confirmed that the country is considering creating a separate reserve for crypto assets seized from illegal activities.
Kazakhstan, despite modest economic size, remains a heavyweight in the crypto space, accounting for about 13% of the global Bitcoin mining hashrate.
