Kazakhstan launches state-backed fund
Kazakhstan has launched the Alem Crypto Fund, a state-backed initiative aimed at building long-term digital asset reserves. Managed by Qazaqstan Venture Group and operating under the AIFC, the fund marks a significant step in the country’s regulated adoption of blockchain-based investments.
Surprisingly, the fund’s inaugural purchase was not Bitcoin (BTC) but BNB (BNB), the native token of the BNB Chain. Through a strategic partnership with Binance Kazakhstan, a local entity licensed under the Astana…

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