- Kazakhstan plans a state cryptor reserve to secure and manage its national crypto assets, financed by mining and confiscation in criminals.
- Central control is intended to reduce risks and globally accepted transparency standards for crypto assets.
Kazakhstan prepares the introduction of a state crypto reserve under the direction of its central tax authority. The step reflects the country’s growing commitment in the field of digital assets in view of the global interest in crypto -assisted state strategies.
The authorities strive for a structured, transparent and institutional approach that is based on international standards. The plan also signals the intention to regulate and manage the intention to regulate and manage the state-kept crypto-assets more safely and systematically.
Centralized administration to ensure security
The chairman of the Kazakh National Bank, Timur Suleimenov, confirmed the initiative in response to the question of a MP. He said the bank was working on the concept of creating and managing a state cryptor reserve. This also includes examining the reserve in a subsidiary of the National Bank.
According to Suleimenov, the National Bank supports a good institutional model for the reserve. He said that international practices in the administration of state funds and cryptor reserves are a yardstick. This includes transparency in bookkeeping, storage and surveillance, all of which are important for the security and sustainability of the assets.
Suleimenov said that state -based cryptocurrencies, including those that were expropriated or mined by government interventions, could be part of the reserve. Due to the volatility and the risks of storing crypto assets, a centralized and institutionalized administration for Kazakhstan’s crypto stocks is crucial.
He added that a centralized control by a state office was the best guarantee for the management of such volatile assets. The goal is not only the creation of the crypto reserve, but also transparent and accountable processes for their administration.
Legal framework and coordination by government agencies
Suleimenov confirmed that the National Bank is working closely with other state institutions and law enforcement authorities to complete the mechanisms of the cryptocurrency reserve. This includes legal structures and technical processes to support the safe setting up and long -term management of the reserve.
The chairman again pointed out how important it is to orientate itself on the worldwide proven processes. This includes that all operational and financial aspects of the crypto are transparent and are fully understandable within a regulated framework.
Kazinform had previously reported that the National Bank of Kazakhstan will begin with the regulation of cryptocurrency activities in the country. The cryptocurrency project is an important step in this direction that aims to integrate digital assets under strict supervision into the state financial infrastructure.
As CNF reported, Kazakhstan is involved in the ranks of the federal states that investigate institutional strategies for the management of crypto assets at the national level. If the project is fully implemented, it could play a crucial role in the design of the country’s commitment in the area of digital financial system and at the same time ensure the security of the assets and the operational clarity.
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