Kazakhstan Plans to Establish National Cryptocurrency Mining Reserve

BlockBeats News, June 30th - Timur Suleimenov, Chairman of the National Bank of Kazakhstan, announced that Kazakhstan will establish a national cryptocurrency asset reserve. The central bank is delving into the concept of forming and managing a national crypto reserve, including developing the reserve based on national bank affiliates.

Kazakhstan plans to follow the experience of sovereign wealth fund management to ensure transparent accounting and storage of crypto assets, as well as the transparency and security of crypto reserve management. Confiscated crypto assets and crypto mining proceeds involving the state will become the sources of this reserve.