A Groundbreaking ETF Launch in Kazakhstan In a landmark moment for Kazakhstan’s financial sector and the wider cryptocurrency market, Fonte Capital has officially announced the launch of a new Bitcoin Exchange Traded Fund (ETF). The fund, named the Fonte Bitcoin Exchange Traded Fund OEIC Plc, is now listed on the Official List of the Astana…
Recent foreign media coverage highlights Kazakhstan’s dynamic engagement across various sectors, from pioneering digital asset management to significant foreign investments and strengthening international capital market connections. Kazinform News Agency’s weekly review synthesizes these developments, including Kazakhstan’s planned sovereign crypto-asset reserve, China’s Zijin Mining’s substantial gold project acquisition, and concerted efforts to attract Korean and Indian…
Kazakhstan’s National Bank is making significant strides towards establishing a state-run crypto-asset reserve, a move that has garnered support from a recent parliamentary proposal. Development work is already underway to determine the optimal management and structural framework for this reserve, signaling the nation’s proactive approach to digital assets. This initiative positions Kazakhstan among a growing…
The National Bank of Kazakhstan is set to establish a state-managed cryptocurrency reserve, according to a recent report from government news agency Kazinform. This strategic move aligns Kazakhstan with a growing number of nations exploring sovereign digital asset holdings. The proposed reserve is anticipated to be funded through a combination of seized digital assets and…
In a YouTube interview with Astana Times, Rita Almeida, who is head of Education Global Practice Europe and Central Asia at the World Bank, has been covering some of these trends for Kazakhstan and their possible ramifications. She mentioned the importance of properly addressing them as critical to promoting inclusive and sustainable growth as well…
At the intersection of Europe and Asia, Kazakhstan considers making its first mind-boggling leap into the decentralized finance world. Prime Minister Olzhas Bektenov shared that the government is contemplating the setting of crypto banks under its law. This proactive move intends to develop a nurturing ecosystem to sustain digital assets and, in the long term,…
