Kazakhstan's central bank has established an investment portfolio of up to $350 million from its gold and foreign exchange reserves to invest in crypto-related assets. Central Bank Governor Timur Suleimenov stated that the investments will likely target technology company stocks and index funds related to crypto and digital financial assets, rather than direct large-scale purchases of cryptocurrencies. The investment plan is expected to commence in April or May.
Kazakhstan Central Bank Allocates $350 Million for Crypto-Related Investments
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