cryptonews.net
Kazakhstan has announced the launch of its first state-backed crypto reserve, the Alem Crypto Fund. The initiative was established by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan. The fund is managed by Qazaqstan Venture Group and operates within the regulatory framework of the Astana International Financial Centre (AIFC).
The main goal of the Alem Crypto Fund is to make long-term investments in digital assets and form strategic reserves. Over time, the fund may also evolve into a mechanism for state-level savings, expanding the country’s ability to manage financial resources in the digital economy.
Binance Kazakhstan, a locally licensed entity within the global Binance ecosystem, has been announced as the fund’s strategic partner. Through this partnership, Alem Crypto Fund completed its first investment by purchasing BNB, the native token of the BNB Chain.
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