Kazakhstan is establishing a national cryptocurrency reserve fund and plans to recover $1 billion in assets from seized wallets

According to Foresight News, according to Bloomberg, Kazakhstan is establishing a national cryptocurrency reserve fund with a scale of between US$500 million and US$1 billion. The crypto-asset fund plans to recover US$1 billion in assets in seized wallets. Its central bank governor, Timur Suleimenov, told Bloomberg in an interview in London that the fund's investments will include exchange-traded funds (ETFs) and shares of companies related to digital currencies, and that the fund will be "very careful to avoid investing directly in cryptocurrencies." The fund is scheduled to launch in January next year.
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