Kazakhstan to Create Crypto Reserve, Digital City by 2026

- Kazakhstan plans a national cryptocurrency reserve and digital assets law by 2026. - The initiative includes building a fully digitalized “CryptoCity” in Alatau to lead in digital assets. On September 8, 2025, Cointelegraph reported that Kazakhstan's president, Kassym-Jomart Tokayev, outlined ambitious plans to strengthen the country's presence in the digital asset industry. By 2026, the country will establish a national cryptocurrency reserve and enact comprehensive digital assets legislation, aiming to create a “full-fledged ecosystem of digital assets” and enhance the nation’s economic resilience. A key highlight of the initiative is the development of “CryptoCity” in Alatau, which the government envisions as the region’s first entirely digitalized city. CryptoCity will serve as a hub where people can use cryptocurrency for payments and transactions, positioning Kazakhstan as a global pioneer in cryptocurrency integration. This plan aligns with the nation’s status as one of the world’s leading Bitcoin mining hubs and reflects a broader ambition to integrate digital assets into its financial systems. In addition, Tokayev announced the formation of a State Fund of Digital Assets. This fund will operate under the Investment Corporation of Kazakhstan’s National Bank and aims to accumulate a strategic reserve of cryptocurrencies and other promising digital assets. Previously, the national bank had explored forming a crypto reserve using seized digital assets. These developments underline Kazakhstan’s commitment to advancing its standing in the digital asset sector and signal a strategic focus on leveraging crypto innovations to fuel economic growth.