Kazakhstan enforces stricter crypto regulations after seizing 16.7 million USD from illegal platforms

Kazakhstan’s crackdown on illegal crypto activities has led to the closure of 130 unlicensed exchanges and the seizure of digital assets totaling 16.7 million USD, addressing ongoing money laundering concerns.

To fortify financial transparency, biometric authentication will be implemented for cash transactions. This comprehensive approach responds to the discovery of 81 underground networks involved in unauthorized exchanges, totaling over 43 million USD.

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