Kazakhstan just bought BNB to kick off its national crypto reserve

Jacob Lazurek Coinpaprika

Kazakhstan’s new state-backed Alem Crypto Fund begins operations with an initial BNB purchase in partnership with Binance Kazakhstan.

Kazakhstan has launched the Alem Crypto Fund, its first state-backed initiative to invest in digital assets. The fund is managed by Qazaqstan Investment Corporation and operates under the Astana International Financial Centre (AIFC).

Its first purchase was BNB, made in partnership with Binance Kazakhstan, a licensed AIFC exchange. Officials did not disclose the amount.

Deputy Prime Minister Zhaslan Madiyev called it a strategic, long-term move. Unlike past crackdowns on unlicensed platforms, this fund operates within a regulated framework.

BNB may offer staking rewards and governance benefits. Former Binance CEO CZ welcomed the move, citing Kazakhstan’s continued support for regulated crypto adoption.

Author

Jacob Lazurek

Coinpaprika

In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.

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