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Solana Economic Community FORMA Mayor Farhaj Mayan said at the Solana Breakpoint conference that Kazakhstan is using Solana as the core infrastructure to systematically promote the strategic layout of crypto and blockchain at the national level. Relevant measures include the establishment of Solana Special Economic Zone, the launch of Tenge stablecoin, the promotion of dual IPO on AIX and Solana, the training of 1,000 Solana developers, the establishment of a national cryptocurrency asset reserv...
Kazakhstan is establishing a national cryptocurrency reserve fund worth 500 million to 1 billion dollars, partly funded by assets seized from overseas and repatriated. Central bank governor Timur Suleimenov said the fund's investments will include exchange-traded funds (ETFs) and shares of companies involved in digital currency businesses. He said in an interview that the fund will be "very cautious about holding cryptocurrencies directly". Suleimenov revealed that the fund is expected to be off...
On September 30, according to foreign media reports, Kazakhstan launched the first crypto fund, Alem Crypto Fund, which was initiated by the Ministry of artificial intelligence and digital development of the Republic of Kazakhstan, managed by Qazaqstan Venture Group, and registered in the Astana International Financial Center (AIFC) ecosystem. The main objective of the fund is to make long-term investments in digital assets and build strategic reserves. In the future, the Alem Crypto Fund may al...
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 to establish a national digital asset base under the National Bank Investment Corporation.
Kazakhstan's financial regulator allows licensing and regulatory fees to be paid in stablecoins pegged to the US dollar. The Astana Financial Services Authority of Kazakhstan (AFSA), the Designated Financial Institution Group of the Astana International Financial Center (AIFC), has launched a project to allow AIFC members to pay regulatory fees using stablecoins pegged to the U.S. dollar.
Energy 1. Kazakhstan's oil supply to Europe is progressing smoothly, according to TASS news agency, citing Kazakhstan's energy ministry. 2. The Ukrainian attack superimposed the impact of the US tariff policy. In the week ending August 24, the weekly crude oil shipments of Russian ports decreased by 320,000 barrels per day, falling to a four-week low of 2.72 million barrels per day. 3. Indian government sources: India is hopeful that the US will reconsider the decision to impose an additional 25...
According to Decrypt, illegal bitcoin mining activities are on the rise in Tajikistan and Kazakhstan. The Prosecutor General of Tajikistan said that losses caused by illegal cryptocurrency miners in the country reached 3.52 million US dollars in the first half of 2025. Kazakh authorities recently cracked down on cryptocurrency miners using illegal energy, indicating that this problem is growing in Central Asia.
Illicit crypto mining outfits stealing electricity are becoming a growing problem for countries in Central Asia.
Kazakhstan's Fonte Capital will officially launch Central Asia's first Bitcoin Spot ETF, the BETF, on the Astana International Exchange (AIX) on August 13, 2025. The fund is hosted by US regulated custodian BitGo and offers insurance coverage up to 250 million US dollars. Trading prices are denominated in US dollars.
According to Bitcoin.com News, a $16.50 million electricity fraud linked to cryptocurrency miners was uncovered in Kazakhstan. Energy companies illegally supplied electricity to mining operations - for two years, the miners were supposed to buy surplus electricity only through the Ministry of Energy's platform - but the rules were ignored.
