Bitcoin · Federal Reserve (FED) · Bitcoin Magazine
Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners
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Kazakhstan has laid out a plan to build a national strategic crypto reserve fed by its bitcoin miners, part of a two-step push by President Kassym-Jomart Tokayev to pull the country’s large mining industry into a regulated, state-supervised system.
Key facts
- The first approved power source is the Ekibastuz GRES-1 coal plant, with a 300-megawatt quota
- A presidential decree signed July 7 sets the frame, and a government resolution approved July 18 supplies the mechanism
- Under the July 18 resolution, the Kazakhstan government created a program of “strategic digital mining,” in which miners receive electricity quotas at capped tariffs on 10-year contracts from listed
- The government also plans a National Cryptocurrency Analysis Center by mid-2027 to track transactions and flag illicit schemes, along with a review of DeFi platforms
Summary
A presidential decree signed July 7 sets the frame, and a government resolution approved July 18 supplies the mechanism. Together the two measures aim to route mining output and crypto trading through Kazakh infrastructure, with the state taking a share of mined coins for a sovereign reserve. The reserve sits at the center. A formula sets the transfer at 10% of mined digital assets after the cost of electricity and grid services, paid each month to the state-linked Astana Hub fund, which passes the coins to the National Investment Corporation of the National Bank for management inside a “national strategic crypto reserve.”