According to ChainCatcher news, RBC reports that the National Bank of Kazakhstan (NBK) is considering investing up to $300 million in crypto assets, but has not yet locked in the final scale, which could range from $50 million to $250 million. NBK Chairman Timur Suleimenov stated that due to the recent significant fall in the crypto market, they need to “let the dust settle” before cautiously getting on board, with the funds coming from the Central Bank's forex reserves rather than the national fund. Kazakhstan has previously established a national-level crypto fund, Alem Crypto Fund, and completed its first investment in BNB.
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