Kazakhstan Launches State-Backed Crypto Fund: What’s the First Buy?

Kazakhstan has officially unveiled a government-backed digital asset fund, signaling a major step toward institutional cryptocurrency adoption. The Alem Crypto Fund, launched under the Ministry of Artificial Intelligence and Digital Development, aims to create long-term investment reserves in the emerging crypto market. The fund will operate through the Astana International Financial Centre (AIFC) and be managed by Qazaqstan Venture Group. Analysts see this as a continuation of Kazakhstan’s evolving strategy to integrate blockchain technologies while maintaining regulatory oversight, following recent measures to close unlicensed exchanges source: https://beincrypto.com/kazakhstan-launches-state-backed-crypto-fund/