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 .
Market Opportunity
Lorenzo Protocol Price(BANK)
$0.04864
$0.04864$0.04864
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Tokyo’s Metaplanet Launches Miami Subsidiary to Amplify Bitcoin Income
Metaplanet Inc., the Japanese public company known for its bitcoin treasury, is launching a Miami subsidiary to run a dedicated derivatives and income strategy aimed at turning holdings into steady, U.S.-based cash flow. Japanese Bitcoin Treasury Player Metaplanet Opens Miami Outpost The new entity, Metaplanet Income Corp., sits under Metaplanet Holdings, Inc. and is based […]
Share
Coinstats2025/09/18 00:32
Jerome Powell & A Hard Money Moment
With Trump teeing up a personally controlled Federal Reserve, hard money seems like an easy bet, but Bitcoin and gold aren't behaving the same.
Share
Coinstats2026/01/15 06:30
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued
The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26