Kazakhstan Launches State-backed Crypto Fund; Poland Moves to Regulate Digital Assets

Kazakhstan, in partnership with Binance, has launched its first state-backed crypto fund, the Alem Crypto Fund, marking a significant step in the country's embrace of digital assets. The fund's initial asset is BNB, Binance's utility token, although details about the amount purchased remain undisclosed. This initiative is managed under the Astana International Financial Centre and aims to make long-term investments in digital assets. Meanwhile, in Poland, lawmakers passed a stringent Crypto-Asset Market Act which mandates licensing for crypto service providers (CASPs) and introduces significant penalties for non-compliance. The act has faced backlash from the community due to its severe provisions, including fines up to 10 million zlotys and possible prison sentences. Additionally, Hyperliquid's Hypurr NFT collection recently saw one NFT sell for $467,000, showcasing the rising interest in the NFT market.

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