According to Reuters, the Central Bank of Kazakhstan plans to invest up to $350 million in cryptocurrencies.
Timur Suleymanov, the governor of the National Bank of Kazakhstan, said the bank has set aside up to $350 million from its gold and foreign exchange reserves to invest in cryptocurrencies and the related sector.
Suleymanov said, “We are currently compiling a list of financial instruments that can be considered for investment. This list will include various financial instruments connected with cryptocurrencies and related sectors.”
Kazakhstan’s National Bank is expected to begin investing in cryptocurrencies between April and May of this year.
*This is not investment advice.
