The government of Kazakhstan is analyzing the creation of a national cryptocurrency reserve aimed at storing and managing digital assets.
According to local media, the proposal was announced by Belik Sholpankurov, deputy head of the National Bank, during a session of the Majlis of Kazakhstan’s parliament.
Officials explained that in the first stage: This fund will be made up of cryptocurrencies confiscated by the state.. These digital assets form a national strategic stockpile that may be expanded through new acquisitions in the future.
Sholpankurov elaborated that the Ministry of Artificial Intelligence is considering new regulatory plans. The idea is to allow National energy company participates in crypto asset miningin cooperation with private companies in this field.
Under the plan, private companies would pay for energy services with digital assets. To increase this, state reserve holdings.
Moreover, the Deputy Governor of the National Bank did not rule out the possibility that the country allocates part of its state funds, as well as gold and foreign exchange reserves. To purchase directly of cryptocurrencies.
We understand that the digital asset market is rapidly evolving. Therefore, we are considering the possibility of allocating some of the national capital to investment.
Berik Sholpankurov, vice president of the National Bank of Kazakhstan, said:
Kazakhstan makes a 360-degree turn in its vision for cryptocurrencies
This project is still under discussion, but It has not been disclosed which crypto assets will be acquired.This suspension signals a possible change in direction in the country’s economic policy.
This is how it will end Diversify reserves Adapt to the growing digitalization of financial markets.
At the same time, this change Kazakhstan’s regulatory strategy.
Another local report published in May last year revealed that the country recorded an outflow of around $15 billion in cryptocurrencies, which exposed the outflow of cryptocurrencies. Weaknesses in the legal framework and lack of protection for investors.
Faced with this scenario, the government recognized the need to strengthen market supervision and prevent new capital flight.
At the time, Sholpankurov explained that measures would be taken to track the flow of digital funds. They are also planning sanctions For those operating outside of regulated channels We have adopted an international technical system. This is expected to improve the traceability of transactions.