$300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up

Kazakhstan’s central bank has signaled plans to place up to $300 million into crypto and crypto-linked assets, a move that would mark one of the clearest examples yet of a sovereign institution putting reserve money into this market. Based on reports, the funds would come from the country’s gold and foreign-exchange reserves rather than its social or oil wealth funds. Related Reading: Bitcoin Miners Face A Harsh December: Rising BTC Difficulty, Falling Hashprice Central Bank Moves Cautiously According to central bank briefings and market reporting, the investment will not be made all at once. Initial tranches could be modest — figures discussed publicly include amounts like $50 million and $100 million as possible early steps, with larger allocations of $250 million also on the table if conditions allow source: https://www.newsbtc.com/altcoin/300-million-crypto-bet-kazakhstans-central-bank-gears-up/