Kazakhstan has unveiled a new strategic step in the world of digital assets, with the Ministry of Artificial Intelligence and Digital Development revealing the first direct government investment in Binance Coin.
The announcement was made through the Alem Crypto Fund, managed by the Kazakhstan Venture Group and registered with the Astana International Financial Center, confirming the country’s entry into a new phase of developing an integrated digital economy.
Nurkhat Koshimov, General Manager of Binance Kazakhstan, emphasized that the selection of Binance Coin (BNB) as the fund’s first digital asset reflects the growing confidence in Binance’s global ecosystem, noting that this step marks the beginning of a new chapter in institutional recognition of cryptocurrencies in Kazakhstan.
He added that his country aims to establish a secure and transparent digital asset market that complements its economic development.
Kazakhstan’s announcement was widely welcomed by the global Binance community. Binance CEO Richard Teng praised the decision, stating that Kazakhstan is paving the way for broader adoption of digital assets.
Binance co-founder Changpeng Zhao (CZ) also welcomed the move, describing it as the culmination of years of collaboration and preparation, emphasizing that Binance Coin is now a recognized digital asset comparable to Bitcoin and Ethereum.
For his part, Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development, explained that the establishment of the Alem Fund aims to serve as a pillar of the government’s digital reserves and a reliable tool for attracting major investors.
He emphasized that through this fund, Kazakhstan seeks to strengthen its position as a leading regional destination for digital finance.
With this investment, Kazakhstan demonstrates that it not only serves as a source of energy and natural resources but also seeks to become a major player in the future of the global digital economy.
Kazakhstan’s move with BNB reflects a long-term strategic vision to keep pace with technological developments and strengthen its economic position.