According to RBC, the National Bank of Kazakhstan (NBK) is considering investing up to $300 million in crypto assets, but has not yet locked in the final amount, which may only be in the range of $50 million to $250 million. NBK Chairman Timur Suleimenov stated that due to the significant fall in the crypto market recently, they need to "let the dust settle" before cautiously getting on board, with funds coming from the Central Bank's forex reserves rather than the national fund. Kazakhstan has previously established a national-level crypto fund, Alem Crypto Fund, and made its first BNB investment.
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According to RBC, the National Bank of Kazakhstan (NBK) is considering investing up to $300 million in crypto assets, but has not yet locked in the final amount, which may only be in the range of $50 million to $250 million. NBK Chairman Timur Suleimenov stated that due to the significant fall in the crypto market recently, they need to "let the dust settle" before cautiously getting on board, with funds coming from the Central Bank's forex reserves rather than the national fund. Kazakhstan has previously established a national-level crypto fund, Alem Crypto Fund, and made its first BNB investment.