<ul data-eligibleForWebStory="true"><li>Kazakhstan is considering establishing a national crypto reserve to enhance oversight and innovation, as confirmed by a government statement and National Bank Chairman Timur Suleimenov.</li><li>The reserve could be supported by digital assets seized from enforcement actions and proceeds from government-led crypto mining, with the National Bank proposing management through a specialized subsidiary focused on alternative investments.</li><li>Kazakhstan has been increasingly interested in blockchain technology, with plans like 'CryptoCity' allowing digital assets for everyday payments, alongside efforts to clamp down on illegal exchanges to combat financial crime.</li><li>Globally, other countries like Texas have authorized strategic Bitcoin reserves, and calls for similar initiatives have surfaced in India and parts of the U.S., making Kazakhstan's potential crypto reserve one of the most extensive national experiments in crypto reserve strategy.</li></ul>

Kazakhstan Eyes National Crypto Reserve to Boost Oversight and Innovation

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