PiCK
Kazakhstan’s central bank to pursue crypto-asset investments of up to $350 million starting in April
Summary
- Kazakhstan’s central bank reportedly said it is considering a plan to invest part of its foreign exchange reserves in crypto assets (cryptocurrencies).
- Reuters reported that Governor Timur Suleimenov said the bank would push a plan to invest in crypto assets and related industries using part of its gold and foreign exchange reserves.
- It reportedly said the National Bank of Kazakhstan’s investments are expected to begin between April and May this year.
Forecast Trend Report by Period
Kazakhstan’s central bank is reportedly considering investing part of its foreign exchange reserves in crypto assets (cryptocurrencies).
On the 6th (Korea time), Reuters reported that Timur Suleimenov, governor of the National Bank of Kazakhstan, said at a briefing on the policy rate that the bank would push a plan to invest in crypto assets and related industries using part of its gold and foreign exchange reserves.
Governor Suleimenov said, "We are currently drawing up a list of financial instruments that could be targeted for investment," adding that "it will include a range of financial instruments related to crypto assets and associated industries."
The National Bank of Kazakhstan’s investments are expected to begin between April and May this year.
Uk Jin
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