Kazakhstan Unveils National Digital Asset Fund and Crypto City

Kassym-Jomart Tokayev, the president of Kazakhstan, has declared his intention to establish a National Digital Asset Fund with the goal of establishing a state-backed cryptocurrency reserve. As part of the idea, a futuristic CryptoCity will be built in Alatau with the goal of luring blockchain enterprises, investors, and innovators. The action demonstrates Kazakhstan’s desire to promote the use of bitcoin technology and establish itself as a regional centre for digital assets.