The National Bank of Kazakhstan (NBK) is contemplating an investment of up to $300 million in cryptocurrency assets, with potential allocations ranging from $50 million to $250 million. NBK Chairman Timur Suleimenov indicated that the bank is cautious due to the recent volatility in the crypto market, opting to "let the dust settle" before proceeding. The investment would be sourced from the central bank's foreign exchange reserves, rather than the national sovereign fund.