Kazakhstan launches its first cryptocurrency fund, Alem Crypto Fund, with its initial investment in BNB

ChainCatcher news, Kazakhstan launches its first cryptocurrency fund, Alem Crypto Fund, and begins operations.

The fund was established by the Ministry of Artificial Intelligence and Digital Development of Kazakhstan and is managed by Qazaqstan Venture Group, registered within the Astana International Financial Center (AIFC) ecosystem. The main goal of the fund is to make long-term investments in digital assets and build strategic reserves, which may serve as a national savings tool in the future, expanding the country's capacity to manage future finances. The fund's strategic partner is Binance Kazakhstan. Alem Crypto Fund completed its first investment in collaboration with Binance Kazakhstan, purchasing BNB. Kazakhstan's Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development, Zhaslan Madiyev, stated that the creation of this fund is an important step in advancing the development of digital finance in Kazakhstan.