Kazakhstan is preparing to launch a state-run crypto reserve as the National Bank of Kazakhstan confirmed plans to create a national crypto reserve. The fund will likely be made of seized digital assets and government-linked mining operations.

The announcement came from the government news agency Kazinform on 25 June 2025. National Bank Chairman Timur Suleimenov acknowledged the internet volatility and risks associated with crypto. However, he argued that placing the crypto reserve under the control of a centralized institution would ensure proper oversight and mitigate potential dangers.

 

The concept of a national crypto reserve continues to gain traction globally, especially after the US created a crypto reserve under Donald Trump. 

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Kazakhstan’s Crypto Reserve Will Be Handled By National Bank

Importantly, Kazakhstan’s crypto reserve is expected to be managed by a subsidiary of the National Bank specializing in alternative investments.

Furthermore, according to official reports, the crypto reserve will likely be funded through two main channels. Seized digital assets is the first source as authorities plan to use expropriated crypto. The other is through government-linked mining operations. Kazakhstan is known to have a growing crypto mining sector.

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President Kassym-Jomart Tokayev Pushes For Urgent Expansion Of Crypto Infrastructure

Kazakhstan President Kassym-Jomart Tokayev called for an urgent expansion of the country’s crypto infrastructure during a government meeting. “The turn towards the widespread use of cryptocurrencies and other digital assets has emerged in the financial sector,” President Tokayev said on 28 January 2025. 

“The development of artificial intelligence is becoming a fundamental factor, and competition between leading technological powers is intensifying in this area,” he added. “In such conditions, we need to have a clear strategy of action aimed at overcoming the serious challenges of the new era.”

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Key Takeaways

  • Kazakhstan is establishing a state-run crypto reserve, likely funded by seized assets and government mining.

  • Kazakhstan is not alone in exploring the potential of national crypto reserves. Around the world, governments are considering crypto reserves, often focusing on Bitcoin as the primary asset. 

The post Kazakhstan Moves To Create A National Crypto Reserve With Seized Digital Assets appeared first on 99Bitcoins.





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