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Kazakhstan allocated $350 million for indirect investments in cryptocurrency, 2026/01/30 10:42:54
A subsidiary of the National Bank of Kazakhstan, the National Investment Corporation (NIC), received $350 million from the country’s gold and foreign exchange reserves for crypto investments, announced Aliya Moldabekova, Deputy Chairman of the National Bank of Kazakhstan.
A special account has been opened at the Central Depository for the future crypto reserve, an official said at the Annual Business Review event. According to her, NIK does not intend to purchase cryptocurrency directly. The structure of the National Bank is going to invest funds from five unnamed hedge funds, and in the future wants to enter the capital of venture funds. The sources of investment will be the National Fund, which receives revenues from the sale of oil and gas.
Also, digital currency seized by law enforcement agencies will be declared part of the crypto reserve, said the head of the National Bank Timur Suleimenov. The crypto reserve will be part of the general sovereign reserves of Kazakhstan managed by the Central Bank, Suleymanov said.
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The first Kazakh company to announce the creation of its own Bitcoin reserve was Qazaqstan Venture Group. She registered the Alem Crypto fund at the Astana International Financial Center. The company is directly connected with the authorities of the republic: its founder is the Autonomous Cluster Fund “Park of Innovative Technologies” (Astana Hub), created by the government of Kazakhstan.
In the fall, the National Bank approved the issue of a tenge-backed stablecoin. This is a project on the Solana blockchain, implemented by the Eurasian Bank and the Intebix company.
In mid-January, Kazakh President Kassym-Jomart Tokayev lifted some restrictions on mining and circulation of cryptocurrencies. In particular, the list of persons who can mine digital currency has been expanded.
