[Chain Text] The Central Bank of Kazakhstan plans to invest money from its forex reserves in encryption, with a maximum possible investment of 300 million USD.
At the press conference on November 28, the country's regulatory head, Timur Suleimenov, spoke the truth: "300 million is just a ceiling; the actual amount could be 50 million, or it could be 100 million or 250 million, depending on the situation. Right now, the entire crypto market is in decline, and everyone is re-evaluating—can this actually be profitable? The workload is not small."
The official emphasized that the money did not come from the national fund but from the Central Bank's gold forex reserves. They created a separate investment portfolio within the reserves to specifically buy high-tech stocks and digital financial assets. However, the regulators are not in a hurry at all.
"We won't act impulsively," he added, "We'll wait until a real opportunity arises. With this wave of digital assets and encryption currency dropping like this, we need to observe for a while and see the situation clearly before we act."