Kazakhstan Launches Strategic Bitcoin Reserve, Embracing Crypto as Asset Class

Kazakhstan’s President Kassym-Jomart Tokayev has taken a significant step towards embracing crypto assets by formally establishing a national Bitcoin reserve. This strategic move involves the National Bank overseeing the initiative and aims to diversify Kazakhstan’s economy and bolster its position in the global crypto sphere. The reserve, financed primarily by Bitcoin mining and seized assets, signifies a shift in national asset policy.