As the National Bank of Kazakhstan has confirmed its plans to establish a national cryptocurrency reserve, Kazakhstan is preparing to launch a state-run cryptocurrency reserve. The fund is probably created with seized digital assets and government-related mining operations.
This announcement came from government news agency Kazinform on June 25th, 2025. National Bank Chairman Timur Suleimenoff acknowledged the volatility and risks of the Internet associated with cryptography. However, he argued that by placing cryptographic sanctuaries under centralized facilities, it would ensure proper surveillance and reduce potential risks.
Destruction: Kazakhstan’s president renews his pledge to create a new “crypto city” that everyone will accept #bitcoin
Global mainstream adoption. It’s coming 🔥 pic.twitter.com/fwbpblvit6
– Bitcoin Historian (@pete_rizzo_) June 25th, 2025
The concept of a national cryptocurrency sanctuary continues to gain global traction, especially after the US created cryptocurrency under Donald Trump.
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Kazakhstan’s cryptocurrency protected areas are processed by the national bank
Cazakhstan establishes
Strategic Bitcoin Reserve.Global FOMO has begun!! pic.twitter.com/cq475h7zfl
– Ashcryptoreal (@ashcryptoreal) June 30, 2025
Importantly, Kazakhstan’s cryptocurrency protected areas are expected to be managed by a subsidiary of the National Bank, which specializes in alternative investments.
Additionally, the cryptographic protected areas could be funded through two major channels, according to official reports. The seized digital assets are the first source of information as authorities plan to use expropriated cryptography. The other is through government-related mining operations. Kazakhstan is known to have a growing crypto mining sector.
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President Kassym-Jomart Tokayev is driving urgent expansion of crypto infrastructure
President Kazakhstan Kassym-Jomart Tokayev called for an urgent expansion of the country’s crypto infrastructure during a government meeting. “The order of widespread use of cryptocurrencies and other digital assets has emerged in the financial sector,” President Tokayev said on January 28, 2025.
“The development of artificial intelligence is becoming a fundamental factor, and competition among key technical capabilities is intensifying in this area,” he added. “In these conditions, a clear strategy of action aimed at overcoming the serious challenges of the new era is necessary.”
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Key takeout
Kazakhstan has established a state-run crypto sanctuary that is likely to be funded by seized assets and government mining.
Kazakhstan is not just investigating the nation’s potential for crypto-preparation. Around the world, governments are considering crypto preparation, often focusing on Bitcoin as their main asset.
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