<ul data-eligibleForWebStory="true"><li>Kazakhstan's National Bank plans to establish a state Bitcoin and crypto reserve, signaling a shift in the country's approach to Bitcoin amid growing institutional adoption.</li><li>The bank is developing a framework for the formation and management of Bitcoin and crypto reserves through a specialized subsidiary focused on alternative investments, as per National Bank Chair Timur Suleimenov.</li><li>The initiative aims to diversify Kazakhstan's financial reserves and reduce reliance on traditional currencies, potentially including confiscated Bitcoin, crypto-assets, and state-mined crypto.</li><li>Kazakhstan's move aligns with global trends of institutional interest in Bitcoin, with efforts underway to establish legal frameworks for the reserve and regulate the country's crypto market.</li></ul>

Kazakhstan Plans To Establish Bitcoin and Crypto Reserve

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