Kazakhstan’s president calls for national crypto reserve, digital asset law by 2026
The president announced his “CryptoCity” plans would be developed in Alatau, while the government would move forward to create a strategic crypto reserve with “promising assets.”
Kassym-Jomart Tokayev, the president of the Republic of Kazakhstan, laid out plans for the country’s AI and digital asset endeavours, which include a strategic cryptocurrency reserve.
In an annual address on Monday, Tokayev said the government should create a “full-fledged ecosystem of digital assets as soon as possible” as part of efforts to “find effective ways to maximize the return of bank money to the economy.”
He proposed having the country’s Agency for Regulation and Development of the Financial Market draft a law to this effect to be passed before 2026.