Kazakhstan plans to establish a state fund of digital assets that will be formed from confiscated cryptocurrencies, mining revenues, and potential investments from gold and foreign exchange reserves, Deputy Chairman of the National Bank of Kazakhstan Berik Sholpankulov announced, Kazinform reports.
Responding to a question from Majilis deputy Dmitry Koloda about the implementation of the President’s directive to create a strategic crypto reserve, the regulator’s representative explained that the fund will first receive confiscated crypto assets, which will be kept as a strategic reserve of the Government.
Sholpankulov also described the mechanism for replenishing the reserve through mining activities.
“The Ministry of Artificial Intelligence and Digital Development has proposed that state-owned companies engage in mining, providing energy services jointly with the private sector. In return, private mining companies will pay in crypto assets, which will be added to the state crypto reserve,” he said.
Given the rapid development of the digital asset market, the National Bank is exploring the possibility of allocating part of the National Fund and gold and foreign exchange reserves for investments in cryptocurrencies — reflecting Kazakhstan’s serious approach to integrating digital assets into the national financial system.
CentralasianLIGHT.org
November 6, 2025