Kazakhstan has intensified its crackdown on illegal cryptocurrency operations, shutting down 130 crypto platforms and seizing assets worth $17 million. The authorities accused these platforms of facilitating illicit activities, marking a significant step in the country’s regulatory efforts to curb financial crime within the rapidly expanding digital asset sector. This decisive enforcement action reflects Kazakhstan’s growing commitment to tightening oversight amid the rising global concerns over cryptocurrency-related fraud and money laundering.
Kazakhstan Cracks Down on Crypto Sector Amid Regulatory Tightening
In a sweeping operation aimed at curbing illicit activities within its rapidly expanding crypto market, Kazakhstan has shuttered over 130 cryptocurrency platforms. Authorities seized assets worth approximately $17 million, citing violations ranging from money laundering to unauthorized financial transactions. The crackdown underscores the government’s resolve to…
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Author : Jackson Lee
Publish date : 2025-10-09 15:26:00
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