According to him, a concept is now being developed, which will determine the procedure for the formation and management of the state reserve, including digital assets. One of the possible options considered at this stage provides for the creation of a reserve through a specialized subsidiary of the National Bank, which operates in the field of alternative investments.
It is assumed that the reserve can be replenished at the expense of confiscated cryptocurrencies, as well as digital assets obtained as a result of the work of state mining projects.
For official consolidation of the status of such a reserve and establishing the norms regulating its replenishment and use, changes will be required to the current legislation. The National Bank emphasizes that when creating and managing a cryptocurrency reserve, international experience of sovereign investment funds will be taken into account.
The basic principles in this process will ensure the transparency, safety and security of digital assets at the disposal of the state. Consultations with deputies on the preparation of the necessary legislative framework are currently ongoing, the head of the regulator said.
In the lower house of the Parliament of Kazakhstan, it has already been noted that today there is no legal regulation of storage of digital assets seized in the framework of criminal cases. The absence of clearly defined procedures and technical solutions, according to parliamentarians, increases the risks of loss or theft of such assets, as well as their illegal turnover with the participation of third parties.
In this regard, the deputies proposed to consider the possibility of creating a centralized state digital storage based on the National Bank, which will ensure reliable storage and control over seized cryptoactives until their subsequent use or implementation within legal procedures.
Earlier, the National Bank of Kazakhstan announced the launch of a pilot project of cryptocurrency payment cards, which will allow citizens of the country to make non -cash transactions using digital assets tied to wallets on licensed crypto -rhizas of the Astana International Financial Center (IFCA).
Source: Bits
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