Kazakhstan is preparing to launch a state coding, as the National Bank of Kazakhstan has confirmed plans to create a national coding reserve. The box is likely to be a seized digital assets and government -related mining operations.
This announcement came from the Kazinform news agency on June 25, 2025. The President of the National Bank, Timur Suclenov, admitted the internet fluctuation and the risks associated with encryption. However, he argued that the placing of the encryption reserves under the control of a central institution will ensure appropriate supervision and mitigate the potential risks.
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The concept of the National encryption reserve continues to obtain a traction worldwide, especially after the United States has established a coding reserve under Donald Trump.
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The encryption reserves will be dealt with in Kazakhstan by the National Bank
Kazakhstan will create
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More importantly, the encryption reserves are expected to be managed in Kazakhstan by a subsidiary of the National Bank specializing in alternative investments.
Moreover, according to official reports, the encryption reserve is likely to be funded through two main channels. The seized digital assets are the first source as the authorities plan to use designed encryption. The other through government -related mining operations. Kazakhstan is known to have an increased mining sector.
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President Casem Gomart Tukayev is pushing for the urgent expansion of the encryption infrastructure
Kazakhstan President Casem Gomart Tukayev called for a speedy expansion of the country’s encryption infrastructure during a government meeting. President Tukayev said on January 28, 2025.
He added: “The development of artificial intelligence has become a key factor, and the competition between the leading technological forces is intensifying in this field.” “In such circumstances, we need a clear strategy of work aimed at overcoming the serious challenges of the new era.”
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Kazakhstan creates a state encrypted reserve, which is likely to be funded by seized assets and government mining.
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Kazakhstan is not alone in exploring the potential of national encryption reserves. Throughout the world, governments are studying encryption reserves, and often focus on bitcoin as a basic origin.
Post -Kazakhstan is transmitted to create a national encoding reserve with the seized digital assets first appeared on 99bitcoins.