Kazakhstan’s central bank is considering investing up to $300 million in cryptocurrency assets from the National Fund and foreign-exchange reserves. The bank plans to diversify its portfolio by adding high-tech stocks and digital asset-related financial instruments. However, the recent market pullback has delayed any immediate allocation as the bank waits for stabilization.

The central bank of Kazakhstan is analyzing the potential investment in digital assets carefully, with the intention of waiting for good opportunities to emerge after the recent market decline. The initiative is part of a broader expansion of the bank’s foreign-exchange portfolio, aiming to add high-tech stocks and digital asset-related financial instruments to its holdings.

Kazakhstan’s central bank is evaluating the possibility of investing up to $300 million in cryptocurrency assets from its reserves. The bank plans to diversify its holdings by adding high-tech stocks and financial instruments linked to digital assets. This move aligns with a broader trend of sovereign institutions exploring digital assets for investment purposes.

Read more at Yahoo Finance: Kazakhstan Prepares for Potential $300 Million Crypto Investment