Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle East in developing its crypto strategy. Kazakhstan’s sovereign wealth fund has reportedly identified cryptocurrencies as a viable asset class for inclusion in the country’s national reserves, with the central bank drawing lessons from allocation strategies used in Norway, the United States and the Middle East. According to Kursiv, a local media outlet registered with Kazakhstan’s Ministry of Information, the country plans to invest a portion of its gold and foreign exchange reserves — as well as assets held by its sovereign wealth fund — into crypto-related instruments. Kursiv cited Timur Suleimenov, head of the National Bank of Kazakhstan, who said at a press conference that the central bank is exploring “aggressive strategies to [generate] higher investment income,” which “does not exclude” allocating part of its holdings to crypto-related funds. Read more
The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess. The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins. On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, as part of the party’s “crypto week” push. Discussions of the three bills included several amendments submitted by Democratic lawmakers to address what they called crypto “corruption” in the US government. Read more
Global commerce stack TradeOS becomes the latest participant of Cointelegraph Accelerator. TradeOS, the trust and settlement layer for global commerce, is now part of the Cointelegraph Accelerator. Positioned as the foundation of next-gen stablecoin-based uniserval checkout, TradeOS is building an open, permissionless global trading network with minimal fees and no restrictive ownership controls, aiming to challenge the $4 trillion global e-commerce monopoly. Built by Bounty Bay Labs with backing from Animoca Brands, TON Ventures and HashKey, TradeOS replaces traditional intermediaries and high platform fees with modular onchain payout rails. These enable programmable settlement via verifiable delivery. TradeOS uses an innovative proof-of-delivery system powered by zk-TLS and TEE to release payouts based on verifiable real-world outcomes. It removes the need for data tokenization or reliance on monopoly APIs, making it ideal for AI-driven and automated commerce. Cointelegraph Accelerator supports early-stage ...