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Kazakhstan is establishing a National Cryptocurrency Mining Fund, with an anticipated size of $500 million to $1 billion.
BlockBeats News, November 7th, according to Bloomberg, Kazakhstan is establishing a national cryptocurrency mining reserve fund, with an expected fund size of $500 million to $1 billion. Part of the funding will come from assets seized overseas and repatriated. Central Bank Governor Timur Suleimenov stated that the fund's investments will include ETFs and stocks of companies involved in the cryptocurrency business, and the fund will be very cautious about directly holding cryptocurrency. It is expected to officially launch and start operations by the end of this year or in January next year.
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