Kazakhstan's National Bank has announced the establishment of a state Bitcoin and crypto reserve, highlighting a pivotal shift in the nation's stance on cryptocurrency. This initiative will feature a dedicated subsidiary for managing these reserves, which may include confiscated assets and crypto from state mining operations. The National Bank is collaborating with lawmakers to draft legal frameworks necessary for the reserve's establishment. This move comes amid a global trend of institutional crypto adoption, as countries recognize Bitcoin as a key strategic asset in diversifying financial reserves.
Kazakhstan's National Bank aims to create a state Bitcoin and crypto reserve, reflecting the country's shift towards acknowledging crypto as a strategic asset.
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