Kazakhstan’s President, Kassym-Jomart Tokayev, has announced a new national strategy for digital assets, which includes creating a “strategic crypto reserve.” In a recent address, Tokayev urged the government to establish a “full-fledged ecosystem of digital assets” to boost the country’s economy.
The president’s plan involves drafting a new law by 2026 and creating a “State Fund of Digital Assets” under the National Bank’s Investment Corporation. This fund would be responsible for accumulating a reserve of “promising assets in the new digital financial system.” This announcement follows earlier reports that the country’s national bank was considering a crypto reserve funded by seized digital assets.
Kazakhstan’s initiative to create a national crypto reserve follows a similar trend seen in other countries like Brazil and Indonesia. The article notes that this trend began after the United States’ own executive order for a crypto reserve that would include Bitcoin and other digital assets.
In addition to the reserve, Tokayev also confirmed plans for a “CryptoCity” in Alatau, a city that will become the “first fully digitalized city in the region” and will utilize crypto for payments. This is part of the country’s broader strategy to position itself as a leader in the digital finance space.
Kazakhstan is already a major global hub for Bitcoin mining, largely due to its favorable regulations and low electricity costs. However, this has also led to a rise in illegal mining operations and a strain on the country’s power grid.
September 2025, Cryptoniteuae
