Kazakhstan allocates $350M in gold and fiat reserves for crypto investment

Financial authorities in Kazakhstan have earmarked a portion of the nation’s gold and foreign currency reserves for cryptocurrency investment, the country’s central bank unveiled. The money will be controlled by an entity under the monetary authority and used for indirect investments at this stage, according to a representative of the regulator’s management. Kazakhstan to convert […] source: https://www.cryptopolitan.com/kazakhstan-allocates-350m-in-gold-and-fiat-reserves-for-crypto-investment/