Overview

• The Ministry of Artificial Intelligence and Digital Development created the Alem Crypto Fund, with Qazaqstan Venture Group managing it within the Astana International Financial Centre.
• Deputy Prime Minister Zhaslan Madiyev said the fund is intended to serve major investors and provide a foundation for digital state reserves.
• BNB was named as the first holding, and the government has not disclosed the size or terms of the purchase.
• The move follows President Kassym-Jomart Tokayev’s directive to establish a national crypto reserve alongside plans to expand the digital tenge and fund high‑tech initiatives.
• Regulators approved stablecoin payments for AIFC fees through licensed providers, with Bybit signing an MoU under the new framework.