Kazakhstan's President Kassym-Jomart Tokayev has announced plans to establish a national cryptocurrency reserve and draft a digital asset law by 2026. In his annual address, Tokayev emphasized the need for a comprehensive digital asset ecosystem to enhance economic returns. He proposed that the Agency for Regulation and Development of the Financial Market draft the necessary legislation. The president also suggested creating a State Fund of Digital Assets through the National Bank’s Investment Corporation to manage a strategic crypto reserve. Tokayev's announcement follows reports of Kazakhstan's national bank considering a crypto reserve funded by seized digital assets. The initiative aligns with global trends, as countries like Brazil and Indonesia explore similar reserves. Additionally, Tokayev confirmed plans for "CryptoCity" in Alatau, aiming to make it the region's first fully digitalized city, integrating crypto payments. Kazakhstan remains a key player in Bitcoin mining, contributing significantly to the global hashrate.