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Kazakhstan Central Bank Plans $350M Allocation to Crypto-Linked Assets
The Kazakhstan Central Bank has announced a plan to allocate up to $350 million to crypto-linked investment products, showing the ongoing commitment of Asian countries to alternative investments through crypto-related means. In what is described as one of the most ambitious digital asset initiatives undertaken by a central bank in recent years, the proposed portfolio would form part of the country’s sovereign wealth management strategy and is expected to focus on regulated crypto-related instruments rather than direct purchases of cryptocurrencies. According to officials familiar with the plan, the initiative by ... (full story)
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