Kazakhstan's Central Bank Considers Significant Investment in Crypto Assets

According to Foresight News, Kazakhstan's National Bank (NBK) is contemplating an investment of up to $300 million in cryptocurrency assets. However, the final investment amount has not been determined and could range between $50 million and $250 million. NBK Chairman Timur Suleimenov noted the recent significant downturn in the cryptocurrency market, emphasizing the need to wait for market stabilization before proceeding with investments. The funds for this potential investment would come from the central bank's foreign exchange reserves, not the national fund source: https://www.binance.com/en/square/post/33073579229810?utm_source=BinanceNewsRSS