Kazakhstan Investigates Coinbase for Money Laundering Amid Crypto Industry Crackdown

Kazakhstan Investigates Coinbase for Money Laundering Amid Crypto Industry Crackdown



Coinbase is under investigation in Kazakhstan for alleged money laundering as the nation intensifies its crackdown on the cryptocurrency industry. The United States' largest cryptocurrency exchange, Coinbase, has been targeted for a money laundering investigation in Kazakhstan, as reported by the local news outlet Kursiv.



Kazakhstan's Ministry of Culture and Information has confirmed the blocking of Coinbase within the country for violating local digital asset regulations. At the same time, the government has discreetly lifted the ban on Interactive Brokers and the New York Mercantile Exchange (NYMEX), which were previously blocked earlier this year.



The Ministry of Information states that Coinbase's access was restricted following a request from the Ministry of Digital Development, due to the exchange's cryptocurrency trading


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#Blockchain, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Kazakhstan, #News

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