Policy reversal! The sovereign fund of Kazakhstan plans to allocate encryption assets, following the model of Norway to create an "on-chain treasury."

Sovereign Fund Get on Board: Imitating Norway's On-Chain Asset Allocation in the Middle East The head of the National Bank of Kazakhstan, Timur Suleimenov, disclosed at the latest press conference: ✅ Sovereign Wealth Fund Assessment of Cryptocurrency Asset Class (considering gold and foreign exchange reserves simultaneously) ✅ Research the allocation model of sovereign funds in Norway/USA/Middle East (direct investment + crypto ETF + mining company stocks) ✅ Emphasize the cautious attitude that the current configuration ratio is "quite small". This move marks the country's strategic transition from "mining regulator" to sovereign-level crypto investor, echoing the global digital asset policy wave promoted by Trump.

On-chain Treasury Prototype: Systematic Disposal of Tokens Seized by Law Enforcement The government is synchronously building a new type of cryptocurrency asset management framework: 🔷 Establish a dedicated reserve pool for law enforcement confiscated cryptocurrency 🔷 Develop supporting on-chain asset custody and clearing infrastructure 🔷 Explore the mandatory contribution mechanism for the output tokens of state-owned mining enterprises (substituting part of the taxes) Transform gray assets into national on-chain reserves through institutional design, creating a new paradigm for sovereign state cryptocurrency asset management.

Dual-track Trading Regulation: Precise Balance between Openness and Tightening Embracing institutional investment while strengthening retail regulation: ⛔ Strictly prohibited for unlicensed platforms to engage in cryptocurrency trading (violators will be held legally responsible) ⛔ Restriction on Public Advertising of Digital Assets ⛔ Promote all transactions to be aggregated to the Astana International Financial Center ( AIFC ) licensed institutions. Demonstrate the regulatory wisdom of "opening up institutional entry while tightening retail entry" to prevent capital outflow and fraud risks.

Infrastructure Collaboration: "Crypto City" Pilot Breaks Payment Loop President Tokayev's "CryptoCity" pilot project has made substantial progress: 🏗️ Licensed Area Testing Compliance Crypto Payment System 🏗️ Connecting sovereign fund investments with mining companies' resource contributions 🏗️ Build a "mining-reserve-payment" integrated ecosystem According to the Chainalysis 2024 Global Crypto Adoption Index, Kazakhstan has jumped to **57th place, with infrastructure quality surpassing most emerging markets.

Strategic Elevation of the Central Asian Crypto Hub The policy combination reveals threefold ambitions: 1️⃣ Monetization of Energy Advantage: Clean power mining → Tokenization of treasury assets 2️⃣ Geopolitical Financial Breakthrough: Breaking Free from Dependence on Traditional Reserve Currencies 3️⃣ Struggle for Regulatory Discourse Power: Establishing Cryptocurrency Standards for CIS Countries If executed smoothly, Kazakhstan may become the first country to achieve the "sovereignization of assets from computing power".