Kazakhstan Shuts 130 Crypto Platforms, Seizes $17M for Illicit Activity

Kazakhstan Shuts Down 130 Illegal Crypto Exchanges » News.ng

Kazakhstan’s financial watchdogs have intensified their campaign against illegal cryptocurrency operations, shutting down 130 unlicensed exchanges and confiscating roughly $16.7 million in digital assets. The sweeping enforcement effort comes as part of the country’s broader mission to curb money laundering, tax evasion, and other illicit financial activities linked to digital currencies. According to a report by The Times of Central Asia, Kaira…

Kazakhstan Targets Illegal Crypto, 130 Platforms Closed, $17 Million Seized

Kazakhstan shuts 130 crypto platforms, seizes $17M, confiscates $642K from illegal mining, and plans stricter transfer rules.

Kazakhstan Seizes $17M in Crackdown on Illegal Crypto Activities

Kazakhstan is rapidly strengthening its position as a burgeoning center for cryptocurrency activity in Central Asia, even as it escalates efforts to combat illicit crypto operations. Recent crackdowns have seen authorities shut down dozens of crypto platforms suspected of facilitating money laundering, with the Financial Monitoring Agency (AFM) seizing over $16.7 million in cryptocurrencies linked to illegal schemes this year alone. Alongside en…

Kazakhstan Closes 130 Crypto Exchanges, Seizes $16.7M

Authorities in Kazakhstan have shut down 130 cryptocurrency exchanges that were operating without official approval, according to a report by The Times of Central Asia.

Kazakhstan shuts 130 crypto platforms, seizes $17M for illicit activity

Kazakhstan has taken down 130 crypto platforms involved in money laundering schemes this year, seizing $16.7 million.

Kazakhstan Tightens Crypto Rules After Seizing $16.7M From Unlicensed Exchanges

The country's plans represent "one of the boldest experiments in tying physical identity to financial transparency," Decrypt was told.