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30/09/25 06:57 UTC-04

Kazakhstan Authorities Decide to Invest in BNB Instead of Bitcoin

Kazakhstan’s authorities have decided to invest not in Bitcoin, preferred by many institutional investors, but in the cryptocurrency BNB (BNB), issued by the Binance exchange.

The Ministry of Artificial Intelligence and Digital Development of Kazakhstan established the “Alem Cryptocurrency Fund,” which will be managed by Qazaqstan Venture Group, part of the Astana International Financial Centre ecosystem.

The fund was created for long-term investments in digital assets to build strategic reserves. The fund’s management team has already made its first purchase of BNB for an undisclosed amount.

The creation of the “Alem Cryptocurrency Fund” is a step toward advancing digital finance in Kazakhstan. “Our goal is to turn it into a reliable instrument for large investors and the foundation of the state’s digital asset reserves,” said Kazakh Deputy Prime Minister Jaslan Madiev.

In 2025, BNB rose 46% in price, and on September 21, the coin reached a historical high of $1,087. On September 29, when the Kazakhstan government invested in the cryptocurrency, its price exceeded $1,000, implying a significant risk in buying at that level. Authorities apparently expect a resumption of the bullish rally after the correction following the peak.

See also: "Reasons Why This Week Will Be Unstable for the Crypto Market"

#BNB (BNB)

Editor: Alyona Nabok
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