Kazakhstan shuts down 36 illegal crypto exchanges in 2024 crackdown
Wed, Jan 8, 2025 3:08 PM

Kazakhstan shuts down 36 illegal crypto exchanges in 2024 crackdown

A Flip by Swapnil Tiwari
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Kazakhstan shut down 36 unlicensed crypto exchanges in 2024, seizing $112.8 million in assets, marking a 96.3% drop from 2023, as part of its efforts to combat money laundering. A translated statement from the agency said: “Such entities do not identify their clients and do not identify suspicious transactions. Therefore, their services are often used by cyber crooks and drug traffickers.”

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