# Kazakhstan Mulls National Crypto Reserve

*Author: Bankless*
*Published: Jul 14, 2025*
*Source: https://www.bankless.com/read/kazakhstan-mulls-national-crypto-reserve*

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Kazakhstan’s National Bank is exploring a bold proposal to include cryptocurrencies—sourced from law-enforcement seizures and state-backed mining—within its sovereign reserve framework, signaling the nation’s ambition to deepen its crypto integration.

### What’s the Scoop?
- **Strategic Crypto Allocation:** Governor Timur Suleimenov revealed the bank is considering adding crypto to “aggressive sub-portfolios” alongside traditional FX and gold reserves.
- **Reserve Sources Defined:** The planned crypto reserve would be funded through seized digital assets and coins mined by state-supported firms.
- **Institutional Oversight:** Kazakhstan intends to manage this new reserve via a dedicated subsidiary, ensuring centralized custody, transparent accounting, and risk controls.
- **Tightening Regulations:** Alongside reserve creation, authorities are restricting crypto trading to licensed exchanges within the Astana International Financial Centre, and imposing penalties on unregulated activity.
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