President of Kazakhstan Wants to Build a Crypto Empire by 2026 – Here’s How!

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Well, well, well. Look who’s jumping on the blockchain bandwagon now. Kassym-Jomart Tokayev, the president of Kazakhstan (yes, that place), has laid out grandiose plans for a digital utopia, including an all-powerful cryptocurrency reserve. Because why not add some crypto to the national treasure chest, right?

In his annual address, Tokayev spilled the beans: the government, apparently under his very wise leadership, will create a “full-fledged ecosystem of digital assets.” That’s a long-winded way of saying, “let’s make the money do its magic and return to the economy.” No big deal, just reinventing money as we know it. 💸

But hold on, the plot thickens! Tokayev proposed that the Agency for Regulation and Development of the Financial Market draft a law to make this happen. Sounds like a 2026 deadline is looming-nothing like some crypto laws to kick off the next decade, huh?

As if that wasn’t enough, the big guy is also thinking about a national crypto reserve-because every country needs one of those, right?

“It is advisable to create a State Fund of Digital Assets on the basis of the National Bank’s Investment Corporation. This structure will accumulate a strategic crypto reserve consisting of promising assets in the new digital financial system.”

This announcement came a couple of months after rumors started circulating that Kazakhstan’s national bank was thinking about using seized digital assets to fund this new crypto dream. Nothing like a little government-mandated “crypto cleanup” to make things interesting. 😏

In fact, the move follows a pattern we’ve seen in other countries. Brazil, Indonesia, and others are reportedly considering their own crypto reserves, inspired by the United States’ executive order, which includes Bitcoin and a bunch of other digital assets. Hey, if Trump could do it, so can Tokayev, right? 😎

The Next Step in Kazakhstan’s ‘CryptoCity’ Dreams?

But wait-there’s more! Back in May, Tokayev teased a “CryptoCity” in Alatau, a tiny town of 52,000 souls. People speculated that this would be the place where Kazakhstan rolls out its crypto vision, and now, it’s practically confirmed.

“This city will represent the future of Kazakhstan,” Tokayev boldly declared. Alatau, the “first fully digitalized city in the region,” is going to be a beacon of the future. Apparently, it’ll combine cutting-edge tech with “the most favorable living conditions.” You know, no biggie-just the future of civilization. 👾🏙️

Now, Kazakhstan is one of the world’s heavy-hitters when it comes to BTC mining, probably because electricity is dirt-cheap. The country once accounted for about 13% of Bitcoin’s global hashrate, which is a lot. However, there’s a catch: illegal mining operations have flooded the nation, straining the power grid like an overstuffed suitcase. No one said crypto dreams were easy to manage, right? ⚡

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2025-09-08 23:40