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Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

 just wanna share a good news.  (https://cryptonews.com.au/news/kazakhstan-to-launch-1b-national-crypto-reserve-fund-in-bold-diversification-push-131640/)  :D

All of this news is positive, although this particular piece of news is not huge news, given the size of the country and the size of the reserve.

I think what could trigger significant FOMO at the state level would be a state like the US announcing that it has made purchases, which does not seem to be on the table at the moment, as it is clear that it is struggling to come up with budget-neutral ways of doing so.

This is just the beginning, we would like to see this as a trend in the future...

Its good news for sure and I agree that other countries will follow in time, I
predict it to be slow 'adoption' in terms of strategic reserve building but will speed
up over time as more and more realise they should have done it sooner.

This is another indicator of how more and more 'institutions' are looking favourably
on Bitcoin. It makes a big change from the negativity which Bitcoin used to receive.

Imagine in the future governments will be holding an asset which was/is used
by criminals!

Do not let us talk about crypto adoption but let us just talk about bitcoin adoption because most altcoins are pump and dump and I don't like to talk about the scam tokens and coins. This is about bitcoin right? So let us just focus on bitcoin which is the real crypto and not those shit coins.

It is a very positive news but more of it will come as other countries will also do the same.

These "shitcoins" tell the world about cryptocurrencies. They are used in another way, but it`s popularization is matter too.
But of course if we are talking about governments - they would use only BTC for reserve.
And one more additional positive moment. It is not only reserve - if country create such reserve, it would be much more difficult to restrict using of cryptocurrencies in this country.

Kazakhstan got advantage from the China Bitcoin mining crack down in 2021.
China’s 2021 Bitcoin Crackdown: What You Need to Know. (https://decrypt.co/74187/chinas-2021-bitcoin-crackdown-what-you-need-know)

You can see this map that stopped its update since January 2022 but the map is still useful for showing how Bitcoin mining hashrate migrated from China mainland to other neighborhood nations including Kazakhstan.

If you need more updated information, get it from the report https://www.jbs.cam.ac.uk/wp-content/uploads/2025/04/2025-04-cambridge-digital-mining-industry-report.pdf

Page 46 and 47, there are pie chart and global map of Bitcoin mining activity with Kazakhstan is at a fifth position so from bitcoins got from mining, they can do something similar to The Bhutan for their Cryptocurrency reserve.

Yes, just take it as a positive face value, it's welcoming every news that a country that will launch Bitcoin as their national reserve. This could be the new thing though, as we all know that US has started this movement and so other nations follow as well.

Instead of hearing news that a country is clamping down and doesn't want to accept Bitcoin or crypto in general. As least here, they can take advantage of Bitcoin and so it's a win-win for us.

To my mind, crypto adoption is not the government buying and holding crypto as part of their national reserve but the ability to allow citizens to pay for different services via cryptocurrencies. If they do this and we will be able to pay various services via crypto, like paying for a passport, fines, paying government-related services and etc, then I will call it a true adoption. Holding Bitcoins is a mere adoption.

It's smart for Kazakhstan to be bold in crypto-related services. This niche is rarely occupied and the first country that occupies it, will have a brighter future than the other countries.

According to the news I read, Kazakhstan is planning to launch a national crypto reserve fund that includes bitcoin as the main asset but they could also add ETH, BNB or SOl. Also, they do not buy and hold real bitcoins. Instead, they will invest indirectly through ETFs, buying shares of cryptocurrency companies to minimize risk.

Previously, Kazakhstan also tested a small project managed by AIFC, and they bought BNB and became the first government to invest in altcoin. It can be said that the government of this country has the goal of building a national cryptocurrency reserve fund and not just focusing on bitcoin.

that 1 billion crypto fund by Kazakhstan ain't coming from their pocket, instead they used their seized crypto as their crypto reserve. There's nothing positive in this news beside they are not intending to sell their seized crypto to the market.

Yeah very nice to see this country was doing robbery to their citizen, then used it as their reserve fund. What a criminal.

You did not read everything or the news that you read it from did not included mined, confiscated and repatriated coins.


Not all altcoins are bad, very few among them like ethereum and BNB can be said to be good, but I only prefer bitcoin. I have read the news and noticed that it was crypt that they mentioned. You are right about that, but it would have been good if only bitcoin will be used for the reserve.

Yes, Kazakhstan is simply reusing existing assets that were confiscated from previous arrests. They are just washing tainted assets and turning them into national reserves.

It can be said they are copying the US idea when they not only want to take advantage of other people's confiscated assets for themselves, but also do not want to spend money to invest.

I have said this before, the US government only wants to use the confiscated bitcoins as strategic reserves and this could have negative consequences for the market if other countries follow suit. Because the government will be able to come up with more unreasonable regulations to confiscate people's crypto assets. This is really not news to celebrate.

As it was said, they just go the US-way of getting their hands on some tainted / stolen coins.

Not bad, but not as good as if they would buy it themselves.

It is adoption, so it is good news. Maybe not such a big news that will cause a major shift, because we are only talking about ~ $500m-$1B dollars in reserve. I also read the article and there was no talk about periodically adding to the reserves or something along those lines. I get it that the reserves would be formed with confiscated funds and also mined BTC's, but it would be great if they also periodically add to the reserves.
The U.S. also has plans to create their own BTC reserve through confiscated BTC. Most countries conficate BTC's from illicit actors, it is what it is. And they can decide what they want to do with those coins. Germany, a couple of months ago decided to sell off theirs. If some other country decide to set up reserves with theirs, then i don't think there's anything inherently wrong in doing so.

They choose the easiest path for them to start out making something out of the funds that are lying as of now..

Some are obliged to sell their coins that were confiscated, some - they go such a route we see in the initial news of the OP.

$1 billion sounds better, but the article clearly states that it could be half that amount, so I don't know why exaggerate the matter? Besides, this is also about taking from those they declare bad and appropriating it for themselves.



Simply put, they won't be keeping anything for themselves, but others will be keeping it for them - and that's an extremely stupid way to invest in cryptocurrencies - what's with the "not your keys, not your coins" thing? I don't know why some people are so obsessed with Bitcoin becoming part of national strategic reserves considering what Bitcoin actually is?

^ Because they want money, profit, shine numbers from BTC, and only that, unfortunately.

Kazakhstan too is approaching their reserves with budget-neutral pattern since they're not buying, only to stock up from confiscated assets

source (https://cryptonews.com.au/news/kazakhstan-to-launch-1b-national-crypto-reserve-fund-in-bold-diversification-push-131640/)

Again they're not going to be holding it directly but through ETFs, so it's not a win for decentralization, although it may be an indication that the government is loosening up on their very strict regulation of crypto assets.

I may agree - they see others seizing the opportunity and think why we won't do the same?

Such entities are slow to push for action, but when it starts - it never stops before the target is reached.

Because most of us no longer care about decentralization, privacy, or the original purpose of bitcoin. What most people are concerned about these days is how to get BTC to 1M or 10M fastest. And people believe that there will be no better and faster way than for governments, central banks to invest or add bitcoin to national reserves.

People are not obsessed with the idea of ​​strategic bitcoin reserves. Everyone is obsessed with bitcoin's past growth and everyone wants to see it happen again. That's why they easily believe what politicians say, or come up with conspiracy theories that powerful countries like China are secretly accumulating bitcoin. No matter how absurd it may be.

Before any retail investor should complain about governments setting up BTC reserves or holding their BTC assets through etf's, then they should also make sure they are not using centralized exchanges or any custodial services. They should also ensure they are running their own node and do not connect to third party nodes.

I don't like the idea of policing what people do with BTC. This is a censorship resistant network. And for the umpteenth time, what anybody does with their BTC does not affect BTC in itself. Neither can you stop governments from acquiring BTC, so not bad if people decide to 'celebrate' it.

Well, this is great news, and I hope governments in other countries will soon follow suit and take this great initiative for the sake of economic sovereignty (like the news mentioned). However, I hope governments focus solely on Bitcoin adoption, and not other cryptocurrencies, because we know that adopting altcoins carries a much higher risk than Bitcoin. Therefore, I hope the majority of Crypto Reserve adoption will be Bitcoin. Furthermore, I believe public trust in government policies will wane when problems arise, so it would be best for governments to choose a cryptocurrency with clear fundamentals, and a clear future, that is Bitcoin.

^ There will always be those willing to risk it a little further.

BTC is the first coin to be the biggest one to be used for such reserves, others will be there eventually too, as govs don't see it in a idealistic way, but which coin is good to get them the results they need.

In the last two weeks or so, there was also a news regarding Ghana starting its Bitcoin strategic reserve, and now Kazakhstan is on board. With all this positive news around Bitcoin, when are they going to start to price it in? Because we can tell they're not priced in yet, even from various news sources, we've got about this Bitcoin strategic reserve and some countries starting to follow suit, and with certain institutions that are talking about buying too and everything pointing towards next year, it seems the main bull market may shift to next year, 2026.

I honestly don't expect this to come from a country like Kazakhstan. I mean, making good use of the crypto seized from illegal crypto exchanges, laundering criminal, etc, into something that will diversify the country's economy, and also create a room for global financial partnerships in the crypto space.
This is something I expect from the country of Germany, which sold at least a billion worth of BTC this year. However, it is too early to celebrate as this is something that has to do with people being into politics and their stance can change at any time, or someone new may take office and choose to discard the previous country leaders decision.

We should stop pushing this guys anytime they want to do reserve, it's an insult anytime a country want to make crypto reserve and the next thing that ring on their head is using seize crypto from criminals. Is this the new trend because US stated the same thing and they say they are not going to use US money to buy Bitcoin, why is that they don't want to be involved in the market directly, there is something wrong about this moves in my opinion.

One day, we need to talk about this seize crypto asset from criminals. They are bad people, yes I know but the asset seize by the government is bad. Why not investigate each criminal and ask for where they stole those coins from, it would have help some victims get back their investment. Even if their is a percentage they are going to take from the victim, nothing bad but trying to take everything from the people will never make any sense to me and still has the audacity to called it crypto reserve.

Even though in this plan they will make their reserves in the form of ETFs and shares of businesses, which is a bit unfortunate because at a time when more countries are using direct ownership of Bitcoin, but as a first step from one country it needs to be appreciated, at least they are showing an open attitude towards crypto investment.

Hopefully, if in the future the country becomes more confident and their regulations are better prepared, they will consider having a proportion of direct investment in Bitcoin.

I do think they want to see where it goes and the results on the run with it, then they will adjust the policies further.

Fund, not reserve, as pointed out. All of these countries announcing such things don't mean shit to me, though. At least El Salvador moved to displaying the address it uses to buy so people can verify the purchases (but still, with no clear explanation of who controls the private keys, and if those can actually be accessed properly by a people-elected government).

In this particular case, though, it seems even less useful. No coins in custody, just "exposure" through ETFs and what not, which are all regulated. How is that special?

Ghana has not started a strategic bitcoin reserve yet, everything is still just a proposal, and they have not made any official announcement.

Also, I don't think news about countries' bitcoin reserves will have much impact on the market because governments have no plans to use their budgets to buy bitcoin. They just use the confiscated bitcoins as national reserves and that hardly increases the demand for bitcoins in the market. So don't expect too much if you don't want to be disappointed.

Any financial market has bull markets and bear markets, and we should prepare for bear seasons, bull markets will not last forever.

Definitely good news. There was also a proposal in the Philippines about a crypto reserve, something like 10k BTC total or 2k BTC added every 5 years. But it never really materialized, and honestly, it’s unlikely to happen soon since the country’s dealing with major economic problems.

Despite that though, I’m glad other countries are starting to set an example.
Hopefully more will follow, and maybe someday the PH will finally make it happen… maybe under a different president.

This is a nice movement by the Kazakhstan government for considering having Bitcoin on its reserve. Because as it it will be quite better than having gold bar in reserves, whose long term value can't be equated to Bitcoin. But however, one thing that is important here is that having your country's in Bitcoin or gold doesn't stop it from being who reliance on oil. Because oil is actually their primary natural resources through which they boast their economy and generate funds. But diversitying it now only gives the fund more future value. Because Bitcoin is known to have a strong influence and monetary when invested and held long term.

Not only the Philippines but also Brazil has proposed the creation of a national bitcoin reserve. But the difference is that their proposal is to buy bitcoin directly on the market, unlike Kazakhstan and the US, which only use bitcoin from confiscations. That is very welcome, but it will also face many challenges to become a reality. I am also not optimistic that the Brazilian Congress can pass the bitcoin reserve bill of Deputy Eros Biondini.

While the chances of these proposals passing are very low, this is still pretty good news for bitcoin adoption. Through these, we can see that the government's thinking and stance on bitcoin is gradually changing. That also means that it is only a matter of time, and sooner or later, bitcoin will be added to national reserves.

Doesn't the article say where they'll get the bitcoins? Confiscated bitcoins from miners, or from the population they believe isn't complying with the laws they've made up. The state will line its own pockets, but it won't allow its own population to do the same.

Everything looks so beautiful when you read news like this, but it becomes truly sad once you learn the real methods used to achieve such goals. Is it fair when a government, no matter which country, confiscates the results of its own citizens’ intellectual work and financial risks, preventing them from growing, becoming wealthier, and more influential. People who “hacked the system” on how to make a lot of money with cryptocurrency are usually thinkers, they question, analyze, and see beyond the surface. I guess it’s easier to govern a country of poor and narrow-minded people, which is why authorities confiscate and prohibit activities related to cryptocurrency.

^ Usually these funds are from activities that weren't that much of a intellectual work, but rather ways to outsmart the system, or go around it, but I agree, if they would be genuine about their desire to create reserves, they would do so from their own pocket, not from the pockets of others, no matter which coins.

I'm just coming from here  (https://bitcointalk.org/index.php?topic=5561685.msg66034823#msg66034823)that highlights US Bitcoin reserve doesn't mean they will not dump. I kind of saw this news yesterday on Bitcoin Magazine but didn't give much interest because why will you tell me you want to make a reserve about an asset but you prefer to the ones seize from fraud, scams and others? Is this the new trend of Bitcoin reserve or maybe  some people are trying to milk the attention of Bitcoin reserve that has been going on for a while. Among all reserves, I respect El Salvador more considering the fact they don't have low income per capital and have millions invested on Bitcoin.

Kazakhstan is making a move but this is not a bold one, these countries can dump Bitcoin any time any day because they didn't invest with their own money. If an opportunity comes, they will make use of it, there is always a change in government, a foolish president can do what he wants.

There is something positive in your post, and that is that you admit what many will not admit - if the price jumped x10 tomorrow, most would sell and end up with Bitcoin forever. So if anyone is wondering whether Satoshi is happy today or not, I'm pretty sure they're not when they read a post like yours. Bitcoin should be for ordinary people, not for governments and central banks.

I like to believe that BTC is not for any particular group of people, but for everybody and even if you and i don't like it, the government can also get some for themselves if they want. Censorship resistance is something we bitcoiners peddle a lot and that is exactly how Satoshi designed the network to be. In other words, since he created the network this way, he must have known from the beginning that a time will come when institutional investors and governments will accept BTC, because nothing stops them from doing so.

I think they're following Kyrgyzstan: https://btcusa.com/kyrgyzstan-launches-national-stablecoin-and-cbdc-on-bnb-chain-with-binance-support/

I've never asked where they'll get their Bitcoins. Btw, why would they confiscate Bitcoins from miners? Were there issues about Bitcoin mining in Kazakhstan? I always thought that they were very mining-friendly. Btw local government in my country really lines its own pocket. BitFury has very cheap electricity rates in my country, thanks to the local billionaire who gets a share of the profit from it. BitFury uses lots of electricity and pays almost nothing, while the local population pays increased electricity rates. It's not normal but the local government ignores it and does whatever it wants because they can.

1 billion USD is a good start, but this news won't have any short term influence over the cryptocurrency market.
AFAIK, Kazakhstan is one of the countries, where cryptocurrency mining was very popular. I don't know if this has changed in the last 2 or 3 years. I don't see this as an diversification of their economy. This more like a diversification of their financial reserves. The economy of Kazakhstan will keep relying on the oil export. I don't know about any crypto related industries, that are able to generate a massive amount of new jobs. Maybe this form of crypto adoption is a part of their plan to de-dollarize their finance and foreign trade.

This is good news; the virus is spreading.

This is the effect of other countries initiating it. Just like El Salvador, the United States, and many more countries. For me, it's still early and I believe these countries who starte to practice this will have better future and they are being role model countries.

Not everything is as rosy as the government would like to present it.
https://ru.investing.com/news/cryptocurrency-news/article-2634711
https://digitalbusiness.kz/2023-02-08/pochemu-iz-kazahstana-ushlo-do-70-majnerov-kriptovalyut/

Everyone has access and that is not in dispute, what is in dispute is that any country or its central bank that buys Bitcoin is actually creating a paradox considering that it is buying a decentralized cryptocurrency to which it refers in a centralized way, treating it as fiat. Besides, "they" are not buying, but confiscating what they will call "tainted coins".

Of course, no one can stop anyone from investing in Bitcoin, but it really doesn't make sense if it's kept by a central bank as some kind of digital gold instead of being used as a decentralized cryptocurrency - which is of course made all the more difficult because many have started checking every transaction and looking for "problem coins".

Tainted coins can be checked on chain but there is probabiity of inaccurate on chain analysis by governments or any companies. We can not know when an exchange dies, and when governments consider bitcoins in an account on centralized exchange has tainted coins, and make order for confiscating it. It's risky to store bitcoins on centralized exchanges and if we know this risk of confiscation, and quickly severe action from governments, we will look for safer storage option like non custodial wallets.

We can store our bitcoins at home, and we can proactively reduce risk of having problems with governments.

Blacklists, taints and wallet fingerprinting. (https://www.youtube.com/watch?v=BILcJ3WtdLQ)