PANews reported on December 1st that, according to RBC, the National Bank of Kazakhstan is preparing to invest up to $300 million in cryptocurrency instruments. This was revealed by Timur Suleimenov, head of the country's regulatory body, at a press conference on November 28th. Zakon.kz quoted Suleimenov as saying, "This doesn't mean we've already put $300 million into the investment; the amount could be limited to $50 million, or it could be $100 million, or even $250 million. Given the overall decline in the cryptocurrency market, people are rethinking the prospects for monetization, profitability, etc., which is a very challenging task." Suleimenov cautioned that the funds did not come from Kazakhstan's national fund, but rather from the central bank's gold and foreign exchange reserves. Within this reserve framework, an investment portfolio has been created for investing in high-tech stocks and other financial instruments related to digital financial assets, but regulators are not in a hurry to invest. Suleimenov stated, "We will not rush into these decisions until good investment opportunities emerge. After the current downturn in all digital, financial, and crypto assets, we need to wait and see before making investment decisions. We will not rush into anything."PANews reported on December 1st that, according to RBC, the National Bank of Kazakhstan is preparing to invest up to $300 million in cryptocurrency instruments. This was revealed by Timur Suleimenov, head of the country's regulatory body, at a press conference on November 28th. Zakon.kz quoted Suleimenov as saying, "This doesn't mean we've already put $300 million into the investment; the amount could be limited to $50 million, or it could be $100 million, or even $250 million. Given the overall decline in the cryptocurrency market, people are rethinking the prospects for monetization, profitability, etc., which is a very challenging task." Suleimenov cautioned that the funds did not come from Kazakhstan's national fund, but rather from the central bank's gold and foreign exchange reserves. Within this reserve framework, an investment portfolio has been created for investing in high-tech stocks and other financial instruments related to digital financial assets, but regulators are not in a hurry to invest. Suleimenov stated, "We will not rush into these decisions until good investment opportunities emerge. After the current downturn in all digital, financial, and crypto assets, we need to wait and see before making investment decisions. We will not rush into anything."