🇰🇿 Kazakhstan Allocates $350M for National Crypto Fund
Kazakhstan's National Bank has set aside $350 million from its reserves to create a national cryptocurrency fund.
Key Points:
→ Managed by National Investment Corporation (central bank's subsidiary)
→ Will invest through 5 crypto hedge funds - no direct crypto holdings
→ Seized crypto from 130 illegal exchanges will be added to the fund
→ Part of larger plan to build $1 billion crypto reserve by 2026
Why It Matters:
#Kazakhstan controls 13-14% of global Bitcoin mining and is becoming Central Asia's crypto hub.
This is one of the first sovereign wealth strategies using institutional-grade crypto investment vehicles.
Not just mining Bitcoin anymore - they're building a national crypto treasury.