The National Bank of Kazakhstan plans to invest up to $300 million in cryptocurrencies

BlockBeats News, November 30, Timur Suleimenov, Chairman of the National Bank of Kazakhstan (NBK), stated that they are prepared to invest up to $300 million in cryptocurrencies, but the final amount has not been determined and may only range between $50 million and $250 million.

According to previous reports, on November 7, Kazakhstan was establishing a national cryptocurrency reserve fund, with an expected fund size of $500 million to $1 billion, part of which would come from assets seized and repatriated from overseas.