The encryption reserves of assets confiscated on the Kazakhstan agenda, star-news.press/wp

Kazakhstan explores a significant transition to the cryptocurrency square, considering creating the first encrypted currency reserve ever. This, amid a standard gathering in Bitcoin (BTC) and increasing the adoption of digital assets by public institutions, companies and countries.

Reports One of the local media indicates that the country’s gold and soldiers reserves, along with the assets of the National Fund, are considered to be investigated in encryption assets.

Kazakhstan Ayoun Eyes of encryption for the National Fund

During a recent press conference, Timor Soliminov, President of the National Bank of Kazakhstan, set the country’s intentions. He stated that Kazakhstan is developing an alternative investment portfolio for its golden and external reserves, as well as for the National Fund.

According to what was reported, this portfolio aims to employ more aggressive strategies to enhance investment revenues. Soliminov indicated that the country is looking into successful models of the Norwegian Fund, American practices, and the strategies used by the Middle East funds, many of which include investments in digital assets, either directly or through Funds circulating for exchange (ETFS) and shares.

SULEIMENOV emphasized that although the possibility of obtaining high returns from such investments is attractive, the inherent volatility of digital assets requires a cautious approach.

He stated, “This is not an easy question, so you cannot rush here. Yes, these assets can bring high returns, but at the same time, it is characterized by high fluctuations.”

The development of digital asset regulations

In addition to investment plans, the National Bank is also considering establishing a state reserve for encryption assets. This reserve will be set for storage Digital assets It was confiscated by law enforcement agencies.

To facilitate this, a separate infrastructure will be created, showing Kazakhstan’s commitment not only to participate in the economy of the digital assets but also its management responsibly.

Moreover, SULEIMENOV stated that if some companies participated in the cryptocurrency currencies on behalf of the country, part of these assets can be directed to the encryption reserves through taxes or mandatory payments.

the The organizational scene In Kazakhstan, it also develops. Recently, there have been discussions on the implementation of administrative and criminal sanctions of transactions that involve encryption assets in the “gray market”.

Currently, digital assets circulation is only allowed on licensed stock exchanges within the Astana International Financial Center (AIFC). The National Bank is also planning to impose restrictions on advertisements related to digital assets, with the aim of creating a more controlled environment for encryption transactions.

As of the writing of these lines, Bitcoin trades at $ 117,450. However, the largest encrypted currency in the market witnessed that its price reaches a new record early Monday with $ 123,000, as it recorded an increase of 11 % in the monthly timetable.

Distinctive image from Dall-E, Chart from TradingView.com

Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.