Kazakhstan Announces National Crypto Reserve Development at Central Bank

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2025/06/30 09:23

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Kazakhstan will establish a state crypto-reserve managed by its central bank. The announcement came from National Bank Chairman Timur Suleimenov during parliamentary proceedings on June 30. The reserve represents Kazakhstan's latest step toward integrating digital assets into national financial infrastructure.

According to Qazinform, the reserve will operate under National Bank supervision through an affiliate institution. The concept includes comprehensive management frameworks for crypto-asset storage and administration. Suleimenov confirmed the bank supports an institutional approach to crypto-reserve formation. The approach follows international best practices for sovereign fund management.

The reserve framework addresses multiple operational aspects. Sources may include confiscated crypto-assets from law enforcement actions. State-operated mining facilities could contribute additional cryptocurrencies to reserves. The National Bank prioritizes transparency in accounting procedures and storage protocols. Management structures will ensure crypto-asset safety through centralized institutional control.

Specific mechanisms for reserve development require coordination with law enforcement agencies nationwide. The National Bank will collaborate with concerned state bodies on detailed implementation protocols. Kazakhstan's approach reflects careful consideration of crypto volatility and inherent security risks. The institutional framework aims to protect state crypto-assets while maximizing long-term strategic value.

Global Movement Toward Government Crypto Holdings

Kazakhstan's announcement follows major crypto policy shifts worldwide in 2025. The United States established its Strategic Bitcoin Reserve through presidential executive order on March 6. The White House confirmed the reserve uses confiscated Bitcoin from criminal proceedings. The US Treasury manages these assets as strategic holdings without selling them.

Multiple US states pursue similar initiatives at regional levels. According to BeInCrypto, thirteen states draft Bitcoin reserve legislation for 2025. States like Ohio and Pennsylvania propose allocating up to 10% of public funds. Texas plans accepting Bitcoin donations for state reserves. These proposals reflect growing institutional crypto acceptance across government levels.

International examples demonstrate diverse approaches to national crypto strategies. El Salvador holds 6,210 BTC worth approximately $659 million through daily purchases. The country adopted Bitcoin as legal tender in September 2021. Bhutan owns 12,062 BTC valued at $1.28 billion primarily from mining operations. The kingdom uses abundant hydroelectric power for sustainable Bitcoin mining since 2019.

Government crypto holdings now exceed 530,000 BTC globally across various nations and jurisdictions. Countries increasingly recognize Bitcoin's potential as a strategic reserve asset alongside traditional gold reserves. The trend accelerated after Bitcoin reached new price highs in 2024-2025. Nations compete to establish positions before widespread institutional adoption increases scarcity.

Kazakhstan's Crypto Mining Infrastructure Positions Reserve Success

Kazakhstan controls significant global Bitcoin mining capacity following China's comprehensive 2021 mining ban. The country successfully attracted international mining operations with competitive energy prices and clear regulatory frameworks. Current estimates show Kazakhstan maintains 13.2% of global Bitcoin hashrate as of March 2023. Over 265 registered mining firms operate within national borders according to authorities.

Regulatory frameworks evolved to manage the growing crypto mining sector effectively. New legislation requires miners to sell 75% of mined assets through licensed exchanges by 2025. The requirement increased from 50% in 2024 to ensure market liquidity and transparency. The Astana International Financial Centre (AIFC) manages crypto licensing and exchange operations exclusively. Crypto For Innovation reports authorities issued 84 mining licenses and accredited five mining pools.

Kazakhstan's energy infrastructure provides competitive advantages for crypto mining operations nationwide. The country possesses abundant coal and hydroelectric resources supporting industrial electricity demands. Mining operations consume surplus energy during off-peak periods, balancing grid loads effectively. Vice-minister Tuleushin proposed innovative energy programs linking miners with infrastructure development projects.

The regulatory sandbox within AIFC enables controlled crypto innovation and experimentation safely. Licensed entities enjoy tax exemptions on various income streams until January 2066. The National Bank prepares comprehensive legislation addressing digital asset circulation and anti-money laundering. These frameworks position Kazakhstan to leverage mining capacity for reserve accumulation strategically.

Mining companies must register hardware and software systems with state authorities for oversight. Energy consumption quotas limit grid access to prevent power shortages during peak demand. Miners using renewable energy or producing off-grid power face fewer restrictions overall. The comprehensive regulatory approach balances economic opportunity with infrastructure protection and market stability.