National Bank of Kazakhstan: Plans to explore investing gold and foreign exchange reserves and national fund assets in cryptocurrencies

Timur Suleimenov, Governor of the National Bank of Kazakhstan, stated that the country plans to explore investing its gold and foreign exchange reserves and national fund assets in cryptocurrencies. However, he cautioned that crypto assets have high returns but also high volatility, and should not be rushed into. In addition, Kazakhstan hopes to establish a national crypto asset reserve to store confiscated digital assets. If enterprises mine on behalf of the state, some assets can be included in the reserve through taxes and other means. (Kursiv) [Odaily Planet Daily]