Kazakhstan is set to establish a national cryptocurrency reserve fund valued between $500 million and $1 billion, utilizing assets seized and recovered from overseas. Timur Suleimenov, Governor of the Central Bank of Kazakhstan, announced that the fund will invest in ETFs and stocks of companies involved in digital currencies, while being cautious about direct cryptocurrency investments. The fund is expected to be operational by the end of this year or early next year. The initiative marks a significant step in Kazakhstan's engagement with digital assets, following previous reports of the country's first investment in BNB. The Central Bank is also exploring the use of its gold and foreign exchange reserves to purchase cryptocurrencies, indicating a strategic move towards integrating digital assets into its financial framework.