The Central Bank of Kazakhstan is considering purchasing Crypto Assets with gold and forex reserves.

According to Mars Finance, Berik Sholpankulov, the Deputy Governor of the Central Bank of Kazakhstan, revealed that the regulatory body may invest government-controlled funds as well as part of the country's gold and forex reserves into Crypto Assets. Sholpankulov announced this news in the lower house of the Kazakh parliament while responding to questions from members of the legislative body. The lawmakers specifically asked him to explain how the reserves would operate, how funds would be accumulated, and whether the Central Bank of the country would buy and sell Digital Money for profit. Sholpankulov reminded Kazakh lawmakers that the government is currently working on establishing a national Crypto Assets reserve. He elaborated that Crypto Assets confiscated in criminal cases would primarily be allocated to this new fund and preserved as strategic reserves, while also discussing other supplementary reserve options, such as considering using part of the national fund and assets from the gold forex reserves to invest in Crypto Assets.