Central Banking
Kazakhstan's National Bank has announced plans to invest up to $300 million in cryptocurrency assets from its gold reserves. The initiative, revealed by Chairman Timur Suleimenov, may adjust to between $50 million and $250 million depending on market conditions. This development marks a key advancement in the Central Asian nation's embrace of digital assets.
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Joachim Nagel, president of the Bundesbank, considers himself suitable to succeed Christine Lagarde as ECB head. In an interview with DER SPIEGEL, he discusses his ambitions and warns of risks in financial markets. Lagarde's term ends in 2027.