The National Bank of Kazakhstan is exploring investments in cryptocurrency assets worth up to 300 million US dollars. The final amount remains undecided and could fall between 50 million and 250 million US dollars. This move highlights ongoing interest in digital assets amid Asia's varied regulatory approaches.
The National Bank of Kazakhstan (NBK) has indicated interest in allocating funds to crypto assets, with an upper limit of 300 million US dollars under consideration. However, officials note that the precise scale of the investment is still pending finalization, potentially adjusting to a range of 50 million to 250 million US dollars.
This development occurs within a broader context of diverging regulatory paths across Asia. For instance, the United Arab Emirates recently enacted Federal Decree No 6, which removes the long-standing "code is not a business" defense relied upon by decentralized finance (DeFi) protocols. This change aims to impose clearer accountability on such platforms.
Similarly, Japan is advancing a liability reserve requirement that echoes the UAE's approach. Both measures establish de facto capital requirements, likely favoring established, compliant entities with substantial funding over smaller, experimental projects. These policies could reshape the crypto landscape by promoting consolidation among well-resourced players.
While the NBK's potential investment signals growing institutional adoption in Central Asia, it aligns with regional trends toward structured oversight of digital assets.