--

[Kazakhstan to Establish National Cryptocurrency Reserve Fund to Recover $1 Billion in Assets] Kazakhstan is establishing a national cryptocurrency reserve fund with a scale of $500 million to $1 billion, aiming to recover $1 billion in assets from seized wallets. Central Bank Governor Timur Suleimenov stated that the fund's investments will include exchange-traded funds (ETFs) and stocks of companies related to digital currencies, while avoiding direct investments in cryptocurrencies. The fund is scheduled to begin operations in January next year.

Loading...