[Kazakhstan Plans to Expand National Crypto Reserves Using Seized Assets from Law Enforcement] BlockBeats News, January 30, according to DLNews, Kazakhstan's National Investment Corporation (NIC), the investment arm of the central bank, plans to use cryptocurrencies confiscated by law enforcement agencies to enhance the country's crypto reserves. NIC head Timur Suleimenov stated on January 28 that the central bank has allocated $350 million in foreign currency and gold for the fund. Initially, NIC does not intend to directly purchase or hold cryptocurrencies but will instead invest through five pre-selected hedge funds and expand its investment scope to crypto-specific venture capital funds. According to Kazakhstan President Kassym-Jomart Tokayev, law enforcement has shut down 130 illegal crypto trading platforms, with total revenue of approximately $124 million and seized assets valued at over $5 million.