A Government-Backed Crypto Fund Just Bought Its First Asset — Not Bitcoin
Kazakhstan launches state-backed fund Kazakhstan has launched the Alem Crypto Fund, a state-backed initiative aimed at building long-term digital asset reserves. Managed by Qazaqstan Venture Group and operating under the AIFC, the fund marks a significant step in the country’s regulated adoption of blockchain-based investments. Surprisingly, the fund’s inaugural purchase was not Bitcoin (BTC) but…
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