Kazakhstan is building a large-scale crypto and blockchain ecosystem based on Solana.

The government of Kazakhstan announced a new strategy for developing the country's crypto and digital assets, accepting Solana blockchain as an infrastructure. This significant step was presented at the Solana Breakpoint forum and indicates a deep commitment to transforming the regional economy.

Government-level Blockchain Initiatives

The core of the new strategy includes several major projects. Kazakhstan is establishing an economic zone based on Solana, where digital supply and blockchain-based events will be centralized. Additionally, the government is developing a stablecoin called Tenge, which is considered essential for the local economy.

Accelerating Investment and Development

Kazakhstan's plan is based on attracting and training technology specialists. The government aims to upskill 1,000 Solana developers. Simultaneously, it plans to implement an IPO mechanism for the state's AIX and Solana platforms to facilitate two-way knowledge exchange.

Security and Financial Reserves

Another key element of the strategy is creating a state-level crypto asset reserve. Furthermore, Kazakhstan is planning to build a blockchain-based city called “CryptoCity.” This project is intended to serve as an open platform to attract foreign investments and digital innovations.

This comprehensive approach further emphasizes Kazakhstan's intention to modernize its digital economy by integrating blockchain and cryptocurrencies into the core of its national economy.