Kazakhstan Central Bank Plans $50M–$300M Crypto Allocation from Foreign Reserves

The National Bank of Kazakhstan will invest between $50 million and $300 million in digital assets from its foreign exchange reserves. Chairman Timur Suleimenov confirmed the allocation range during a November 28 briefing, according to RBC. The institution will adopt a cautious approach as Bitcoin dropped 17% from $110,000 in early November to $81,000, erasing $500 billion from aggregate crypto market capitalization.