Kazakhstan’s National Bank has announced plans to create a Bitcoin and crypto reserve. National Bank Chair, Timur Suleimenov, says the bank is developing a framework for the formation and management of Bitcoin and crypto reserves through a specialized subsidiary.
Kazakhstan is a leading bitcoin mining country. The bitcoin reserve will be funded with seized assets and mining operations. Kazakhstan is the third country to announce establishment of a Strategic Bitcoin Reserve (SBR). Both the US and Pakistan have previously announed SBR plans.
(source)