Kazakhstan Sets Aside $350M for National Crypto Reserve via National Fund

From parameter.io

Kazakhstan has allocated $350 million from its National Fund to establish a national crypto reserve. The funds are aimed at investing in the digital asset space, with a focus on crypto hedge funds and venture capital. This move marks the country’s effort to integrate cryptocurrency into its broader financial system. Kazakhstan is using part of its National Fund to create a crypto reserve. This fund, which accumulates revenue from the country’s natural resources, has earmarked $350 million for this purpose. The National Bank of Kazakhstan’s subsidiary, the National Investment Corporation (NIC), is responsible ... (full story)