PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready." Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready." Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .
Kazakhstan's crypto asset fund aims to reach a scale of $500 million to $1 billion by seizing wallets.
PANews reported on November 7th, citing Bloomberg, that Kazakhstan is using assets seized and recovered from overseas to establish a national cryptocurrency reserve fund with a size between $500 million and $1 billion. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, stated that the fund's investments will include ETFs and stocks of companies involved in digital currencies. In an interview with Bloomberg in London on Wednesday, he said the fund will be "very cautious about direct investments in cryptocurrencies." He added, "I think by the end of this year, or January next year, we will have this fund operational; all parties are ready."
Previous reports indicated that Kazakhstan launched a national cryptocurrency reserve fund, with its first investment in BNB ; the Central Bank of Kazakhstan is also considering using its gold and foreign exchange reserves to purchase cryptocurrencies .
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