Kazakhstan to Launch Crypto Reserve and Build “CryptoCity”
Kazakhstan plans a National Digital Asset Fund and CryptoCity to boost its crypto economy and regulatory framework.
- Kazakhstan to create a national crypto reserve under its central bank.
- New crypto-friendly city “CryptoCity” to rise in Alatau by 2026.
- Digital asset law expected to be drafted within two years.
Kazakhstan is making a bold move into the world of digital finance. In his annual address, President Kassym-Jomart Tokayev announced the formation of a National Digital Asset Fund under the Investment Corporation of the National Bank. This fund will serve as the country’s strategic crypto reserve, investing in promising digital assets to strengthen Kazakhstan’s financial future.
By aligning the crypto reserve with the National Bank, Kazakhstan is signaling that digital assets are no longer fringe but an essential part of its economic strategy.
CryptoCity: The Future of Urban Digital Living
Perhaps the most futuristic part of Tokayev’s speech was the plan to build “CryptoCity” in Alatau. Described as the first fully digitalized city in the region, CryptoCity will integrate blockchain infrastructure into everyday life. Citizens will be able to use cryptocurrency for daily transactions, making it a model city for digital finance.
This initiative shows Kazakhstan’s ambition to become a regional hub for blockchain innovation, attracting tech companies, startups, and crypto investors from around the world.
Digital Asset Legislation in the Works
To support this rapid development, Tokayev has directed the country’s financial regulator to develop a digital asset law by 2026. This legal framework will provide clarity and security for investors and businesses operating in the digital asset space.
It also reflects Kazakhstan’s intent to balance innovation with regulation — ensuring that while the country embraces crypto, it does so in a way that is transparent and well-governed.
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