{"id":20959,"date":"2026-01-30T08:42:28","date_gmt":"2026-01-30T08:42:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/kazakhstan-to-fund-crypto-reserve-using-digital-assets-seized-from-criminals\/"},"modified":"2026-01-30T08:42:32","modified_gmt":"2026-01-30T08:42:32","slug":"kazakhstan-to-fund-crypto-reserve-using-digital-assets-seized-from-criminals","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/kazakhstan-to-fund-crypto-reserve-using-digital-assets-seized-from-criminals\/","title":{"rendered":"Kazakhstan to fund crypto reserve using digital assets seized from criminals"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Kazakhstan will use crypto assets seized from criminals to fund its national crypto reserve, according to the National Investment Corporation.<\/p>\n<div id=\"cn-block-summary-block_c614a4605d235e020dc3cfd9cf1fda49\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Kazakhstan plans to fund its national crypto reserve using assets seized by law enforcement.<\/li>\n<li>$350 million in foreign currency and gold reserves has been earmarked to support the initiative.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>As <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/qztrd\/15239https:\/\/t.me\/qztrd\/15239\" target=\"_blank\" rel=\"nofollow\">reported by local media<\/a>, the NIC, which is the National Bank of Kazakhstan\u2019s investment arm, reportedly plans on using \u201ccrypto seized by law enforcement agencies,\u201d on top of foreign currency and gold reserves, to grow the reserve fund.<\/p>\n<p>Timur Suleimenov, chairman of the National Bank, said in a statement to the media that $350 million worth of overseas currency and gold has already been earmarked for the initiative.<\/p>\n<p>Meanwhile, the NIC said it has already established an account for its crypto-related investments at the country\u2019s Central Depository, where it won\u2019t make any direct purchases of crypto but rather route investments through hedge funds.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>It has already compiled a shortlist of five hedge funds for this purpose, but did not disclose their identities. Down the line, the NIC also plans to allocate capital into crypto-specific venture capital funds, Suleimenov said.<\/p>\n<p>As previously reported by crypto.news, plans to launch a dedicated crypto reserve were formally confirmed by President Kassym-Jomart Tokayev in September, when he said the reserve would also be funded by coins mined via state-backed operations.<\/p>\n<p>At the time, Tokayev floated the idea of building a smart urban hub dubbed \u201cCryptoCity,\u201d designed to incorporate smart city technologies and enable crypto-based payments for goods and services.<\/p>\n<h1 class=\"wp-block-heading\">Kazakhstan\u2019s cautiously optimistic approach<\/h1>\n<p>Although Kazakhstan has increasingly softened its stance towards cryptocurrencies, it continues to maintain a strict policy against unlicensed operations.<\/p>\n<p>A report from earlier this month claimed financial authorities in the country blocked over 1,100 online platforms offering cryptocurrency exchange services throughout 2025.<\/p>\n<p>Elsewhere, the Astana Financial Services Authority has started to settle regulatory fees using USD-pegged stablecoins through a select group of agents as part of the country\u2019s broader digitization push. Crypto exchange Bybit was signed on as one of the first agents.<\/p>\n<p>ByBit recently launched as the country\u2019s fully regulated peer-to-peer platform to offer a transparent and secure environment for trading crypto assets.\u00a0<\/p>\n<p>Kazakhstan has also launched a stablecoin project on Solana, with the National Bank working alongside local banks and exchanges.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kazakhstan will use crypto assets seized from criminals to fund its national crypto reserve, according to the National Investment Corporation. Summary Kazakhstan plans to fund its national crypto reserve using&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20959"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20959\/revisions"}],"predecessor-version":[{"id":20960,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20959\/revisions\/20960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12839"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}