Kazakhstan Launches National Crypto Treasury and Kicks Off with BNB
#Kazakhstan continues to assert its pioneering position in the digital asset sector by announcing the Alem Crypto Fund, a crypto reserve fund directly backed by the government, aimed at accumulating long-term asset resources.
Alem Crypto Fund and Collaboration with Binance
The Alem Crypto Fund was established by the Ministry of Artificial Intelligence and Digital Development, managed by Qazaqstan Venture Group under the supervision of the Astana International Financial Centre (AIFC). This fund launches its strategy by purchasing token
$BNB through Binance's licensed branch in Kazakhstan. This move is a direct result of the memorandum of understanding from 2022 aimed at supporting the establishment of a crypto legal framework.
Ambition for a Comprehensive Ecosystem
Kazakhstan, once the "Bitcoin workshop," is transforming into a pioneering nation in the management and reserve of digital assets. President Kassym-Jomart Tokayev has outlined a clear roadmap, which includes: promoting the establishment of a strategic crypto treasury, announcing plan
#CryptoCity (crypto payment pilot zone), and tightening the legal framework before 2026.
Just days before the launch of this fund, Kazakhstan also released the KZTE stablecoin pegged to the tenge on the Solana network, in collaboration with Mastercard. With China choosing Kazakhstan as the location to issue the international stablecoin AxCNH, the country is positioning itself as the "international blockchain gateway" and embedding crypto into the overall national digital transformation strategy.
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