Kazakhstan is weighing cryptocurrency-related investments as part of its strategy to diversify national reserves and modernise financial management, according to the chairman of the National Bank.
Kazakhstan is considering investing a portion of its gold and foreign currency reserves, as well as assets from its National Fund, into cryptocurrency-related investments, according to Timur Suleimenov, Chairman of the National Bank. The country maintains alternative portfolios for these reserves, following aggressive strategies aimed at maximizing returns.
Suleimenov noted that Kazakhstan has examined the approaches used by sovereign funds in Norway, the U.S., and the Middle East, some of which allocate small portions of their portfolios to crypto assets, ETFs, or shares in companies tied to the crypto industry.
While the central bank has not ruled out investing part of Kazakhstan’s alternative reserve portfolios in crypto-related funds, Suleimenov emphasized that the decision requires caution due to the high volatility of such assets.
“These investments can yield significant returns but are also highly risky, so there is no need to rush,” he said.
In addition, Kazakhstan plans to establish a state crypto reserve to hold digital assets confiscated by law enforcement agencies. Infrastructure is being developed to manage this reserve.
Suleimenov also explained that if state-affiliated enterprises engage in cryptocurrency mining, some of those mined assets may be transferred to the national crypto reserve as taxes or mandatory payments, following practices seen in other countries.
Suleimenov also shared that Kazakhstan intends to strengthen regulation of the crypto market, including introducing administrative and criminal penalties for unauthorized “gray market” crypto transactions. Currently, cryptocurrency trading is permitted only on licensed exchanges within the Astana International Financial Centre (AIFC). The National Bank also plans to tighten restrictions on crypto advertising to better control market activities.
Meanwhile, Kazakhstan’s net international reserves declined by $366 million, or 0.73%, to $49.8 billion in June 2025, marking the second consecutive monthly decrease, according to data from the National Bank.
Gross international reserves, including assets in freely convertible currencies and gold, fell by $282 million, or 0.54%, to $52 billion.
The National Fund, funded primarily by oil revenues, grew by 1% in June to reach $60.3 billion, though Ministry of Finance data indicates an overall decline in the fund’s size.
Suleimenov has repeatedly expressed concern about large withdrawals from the National Fund, warning that these outflows may prevent Kazakhstan from reaching its goal of growing the fund to $100 billion by 2030.
Despite these challenges, the fund’s size remained stable throughout 2024.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral tr...
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms coul...
Greek farmers blocked the Port of Thessaloniki on Friday as part of nationwide protests demanding delayed European Union subsidies and compensation fo...
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust...
ussian President Vladimir Putin described Moscow’s relations with Baghdad as historically strong and unbroken during a meeting with Iraqi President ...
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Lebanon is prepared to demarcate its border with Syria, President Joseph Aoun said on Friday, while noting that the dispute over the Shebaa Farms could be addressed at a later stage.
Greek farmers blocked the Port of Thessaloniki on Friday as part of nationwide protests demanding delayed European Union subsidies and compensation for rising production costs and livestock losses.
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust Forum in Ashgabat, Turkmenistan, focusing on bilateral relations as well as regional and global issues
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment