Kazakhstan's National Bank (NBK) is contemplating an investment of up to $300 million in cryptocurrency assets, though the final amount may range between $50 million and $250 million. NBK Chairman Timur Suleimenov stated that the recent significant downturn in the crypto market necessitates a cautious approach, suggesting that the bank will wait for market stabilization before proceeding. The investment will be sourced from the central bank's foreign exchange reserves, not the national fund. Previously, Kazakhstan established the Alem Crypto Fund, a state-level crypto fund, which has already made its first investment in BNB.