On September 8, according to the Astana Times, Kazakh President Kassym-Jomart Tokayev emphasized the importance of attracting capital into the high-tech sector, instructing the government and the National Bank to develop an investment plan worth up to 1 billion dollars to promote technological development.
In addition, it proposes the establishment of a national digital asset fund under the umbrella of the State Bank Investment Corporation, which will accumulate strategic cryptocurrency reserves and incorporate promising digital assets in the evolving financial landscape. It urges the development of new tools to inject bank liquidity into the economy, and emphasizes the need for a new banking law. The proposed legislation will aim to enhance competition, attract new market players, strengthen fintech development, and liberalize the circulation of digital assets. It emphasizes the need to accelerate the construction of a comprehensive digital asset ecosystem in Kazakhstan. He mentioned the launch of the digital tenge, which has been used for project financing through the State Fund.
The President of Kazakhstan has proposed the establishment of a national digital asset fund
2025-09-08 12:38:14
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