The National Bank of Kazakhstan (NBK) is evaluating whether to invest up to $300 million in crypto assets, though the actual amount could range from $50 million to $250 million. NBK chairman Timur Suleimenov clarified that the money would come from the central bank’s gold and foreign exchange reserves, not from the country’s National Fund.
Suleimenov explained that the bank has already created a separate portfolio within these reserves that includes high-tech stocks and financial instruments related to digital assets.
The recent collapse in the crypto market is a major reason the NBK is taking a slow approach. In November, global crypto market capitalization fell by roughly $500 billion. Bitcoin dropped 17 percent, sliding from $110,000 to about $81,000, marking its lowest level in seven months.
Because of this sharp volatility, Suleimenov said the bank wants to let market conditions stabilize before entering the sector.
Although the NBK has built the legal and operational framework needed to invest in digital assets, Suleimenov noted that the bank will not act until strong investment opportunities appear. He described the process as difficult, given the need to reassess profitability and long-term monetization strategies in the current environment.
He said the central bank is analyzing the situation carefully and will not rush into investment decisions.
Kazakhstan continues to deepen its involvement in the digital economy. In September, the Alem Crypto Fund, created by the Ministry of Artificial Intelligence and Digital Development with support from Binance, officially began operating and made its first investment in Binance’s BNB token.
Previously, Suleimenov also announced plans to create a national cryptocurrency fund worth up to $1 billion. That fund would invest slowly and mainly through exchange-traded products and shares of crypto-related companies.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Story Highlights The live price of Flare crypto is . Price predictions for 2026 range…
The crypto market is under heavy pressure today, with prices falling sharply over the weekend…
India’s Union Budget 2026 has kept the existing crypto tax framework unchanged, even as the…
XRP’s recent price fall has worried many investors, but fresh chart analysis hints the move…
Bitcoin is at a crucial stage on the higher time frame charts. The broader structure…
The crypto market is facing a major sell-off today, with total market value dropping to…
