National Crypto Reserve Fund By Kazakhstan Slated For 2026 Launch, Valued At ...
Kazakhstan is set to establish a national cryptocurrency reserve fund valued between $500 million and $1 billion, primarily utilizing assets that have been seized and repatriated from abroad. Central Bank Governor Timur Suleimenov announced the initiative during an interview with Bloomberg in London, stating that the fund would focus on investments in exchange-traded funds (ETFs) […]
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Kazakhstan is preparing to regulate crypto and launch a strategic digital asset reserve. On Monday, President Tokayev proposed a State Digital Asset Fund in his annual address and urged lawmakers to pass a digital asset law by 2026. The fund aims to secure crypto assets with strong long-term growth potential. As governments actively regulate crypto, […]
Central bank digital currencies (CBDCs) are steadily becoming a serious discussion among governments globally, with Kazakhstan as the latest country unveiling its plans. The National Bank of Kazakhstan is making preparations to launch a CBDC pilot program soon. The National Bank Released a Public Consultation Paper According to the announcement published on their website, the bank expects to pilot its prototype of a digital tenge within the private companies of the financial industry in the first stage. The participants will adopt the CBDC to provide payment services via a two-tier....
The government of Kazakhstan has sanctioned 106 crypto mining farms for engaging in illicit crypto mining activities. Some ex-officials and Kazakhstan’s wealthiest businesses were found to be involved, according to the administration. According to the government’s announcement, 67,000 pieces of equipments valued around 100 billion tenges (approximately $193 million) were also seized. Kazakhstan Expels Illegal […]
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan Shenzhen-based Bit Mining Ltd. announced Wednesday it has secured a purchase agreement for the acquisition of 2,500 new bitcoin mining machines. The price tag of the deal is approximately $6.6 million, the crypto mining firm detailed in a....
The National Bank of Kazakhstan today announced the launch of its tenge-backed stablecoin called Evo (KZTE). The stablecoin is launched in partnership with Mastercard and the leading smart contract platform, Solana (SOL). Kazakhstan Unveils Solana-Powered Evo Stablecoin In an announcement made earlier today, the Central Asian country of Kazakhstan unveiled a pilot project for its […]