According to ChainCatcher, citing RBC, the National Bank of Kazakhstan (NBK) is considering investing up to $300 million in crypto assets, but the final size has not yet been determined and may be between $50 million and $250 million.
NBK Chairman Timur Suleimenov stated that the recent sharp decline in the crypto market necessitates a "dust-settling" approach before cautiously entering the market. The funds will come from the central bank's foreign exchange reserves, not the national fund. Kazakhstan has previously established a national crypto fund, Alem Crypto Fund, and completed its first investment in BNB.