Kazakhstan May Sell Gold to Fund $350M Crypto Purchase: Report

A month after the initial reports emerged that Kazakhstan’s central bank plans to invest in cryptocurrencies, governor Timur Suleimanov provided further details today that actually differ slightly from the initial idea.

As reported by Reuters, the governor of the central bank said during a briefing on interest rates that the entity is “currently developing a list of instruments in which we will invest. This includes not only cryptocurrency itself.”