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Speculation sets in on Central Asian country to announce bitcoin treasury holdings

Speculation is growing as to which Central Asian country has added bitcoin to its treasury.

On June 4th, The Crypto Lawyer irina hever Said that a country in Central Asia will soon announce to keep BTC as a treasury asset.

When pressed on who, Heaver said client confidentiality prevented him from naming the country. But the announcement will be made when they are ready.

speculative products had Coolie Reveal that his client ends in the word “Stan” and is also “one of the largest oil reserve holders”.

Seven Central Asian countries end with the word stan. They are Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan, and Pakistan.

of those Kazakhstan, Turkmenistan and Uzbekistan is one abundance Oil and gas reserves.

bitcoin adoption strategy

hever stuck to say cryptoslate That the customer will declare at his convenience.

She noted that Central Asia is often overlooked as a region for bitcoin activity and has many well-educated youth due to the “old school Soviet education” system.

As an example of bitcoin activity in Central Asia, Hever named Kyrgyzstan’s heavy involvement with hydropower mining, of Uzbekistan pro-bitcoin mining legislation from 2018, and Kazakhstan’s ambition Simulate the Dubai International Finance Center (DIFC) – a financial center with more homes 4,300 businesses.

In April, January 3rd CEO Samson Mo said at a press conference held in Mexico that there are three paths a country could take to strategize BTC adoption – making bitcoin legal tender, issuing bonds backed by BTC, or the easiest way. Just holding it is a treasury asset.

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