Kazakhstan launches state-backed fund
Kazakhstan has data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/kazakhstan-state-backed-crypto-fund-bnb-binance” title=”null”>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 ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” title=”null”>BTC) but BNB ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/binance-coin-price-index” title=”null”>BNB), the native token of the data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/a-beginners-guide-to-the-bnb-chain-the-evolution-of-the-binance-smart-chain” title=”null”>BNB Chain. Through a strategic partnership with Binance Kazakhstan, a local entity licensed under the Astana…
