Kazakhstan Pushes for National Crypto Reserve by 2026
Kazakhstan plans to launch a state-backed crypto reserve and cross a digital asset legislation by 2026. President Kassym-Jomart Tokayev ordered the National Bank’s funding arm to create a State Digital Asset Fund to carry key digital property.
He additionally pledged to increase the digital tenge and push banking reforms that channel funds into high-tech ventures.
Tokayev Orders Creation of Digital Asset Fund
President Tokayev mentioned in his annual handle on Monday that Kazakhstan should “create a full-fledged ecosystem of digital property as quickly as doable.” He proposed a State Digital Asset Fund managed by the National Bank’s funding company, designed to build up a strategic reserve of cryptocurrencies and tokenized property.
The president instructed lawmakers to finalize a digital asset legislation earlier than 2026 to control tokenized platforms and welcome new opponents.
According to Akorda Press, Tokayev mentioned the fund would accumulate a strategic crypto reserve, specializing in probably the most promising property of the brand new digital monetary system.
He added, “Given the present realities, we should deal with crypto-assets. A State Digital Asset Fund ought to be established below the National Bank’s funding company.”
In response, crypto influencer Mario Nawfal commented on his X account, “THE SNOWBALL EFFECT IS REAL.”
Digital Tenge Rollout, CryptoMetropolis Vision, and First Bitcoin ETF
Kazakhstan has emerged as one in every of Central Asia’s most proactive nations relating to digital property. They launched the digital tenge in pilot mode in November 2023 and started utilizing it in public budgets by mid-2025. Kazakhstan makes use of the digital tenge to finance tasks via the National Fund and plans to increase its position nationally.
Tokayev additionally confirmed plans for a “CryptoMetropolis” in Alatau, a southeastern metropolis with a inhabitants of about 52,000. He mentioned the town would turn into “the primary absolutely digitalized metropolis within the area,” the place residents can use crypto funds in day by day life. He described it as a mannequin for combining “technological progress and probably the most favorable residing circumstances,” a part of a nationwide technique to embed digital property into on a regular basis commerce.
The nation additionally launched Central Asia’s first spot Bitcoin ETF in August, underscoring its drive to turn into a regional chief in digital finance. The fund, launched by Fonte Capital on the Astana International Exchange, straight holds Bitcoin with BitGo as custodian.
Kazakhstan is already a number one hub for Bitcoin mining. Due to low-cost energy and favorable rules, it was as soon as accountable for roughly 13% of worldwide hashrate. Yet the mining growth strained the facility grid and spurred unlawful operations.
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