News list for "Hassax"
The National Bank of Kazakhstan (NBK) is considering investing up to $300 million in crypto assets, but has not yet locked in the final size, which may only be in the range of 50 million to 250 million dollars. Timur Suleimenov, chairperson of NBK, said that the crypto market has fallen sharply recently, and it needs to "let the dust settle" before entering the market cautiously. The funds come from the central bank's foreign exchange reserves rather than the state fund. Kazakhstan has previousl...
On November 5th, the deputy governor of the Central Bank of Kazakhstan, Berik Sholpankulov, revealed that the regulator may invest government-controlled funds as well as part of the country's gold and foreign exchange reserves in cryptocurrencies. Sholpankulov made the announcement in the lower house of the Kazakh parliament, where he was answering questions from members of the legislature. The lawmakers specifically asked him to explain how the reserve will operate and how it will accumulate ca...
Timur Suleimenov, the governor of the Central Bank of Kazakhstan, said that the country intends to explore the investment of gold foreign exchange reserves and state fund assets in cryptocurrencies, but he cautioned that crypto assets have high returns but also high volatility and cannot be rushed. In addition, Kazakhstan also hopes to establish a national crypto asset reserve to store confiscated digital assets. If companies mine on behalf of the state, some assets can be included in the reserv...
According to Bitcoin Magazine, the governor of the National Bank of Kazakhstan has said that they are working to establish bitcoin and crypto reserves.
