Kazakhstan Blocks 3,500 Illegal Crypto Exchanges to Combat Money Laundering

Kazakhstan Blocks 3,500 Illegal Crypto Exchanges to Combat Money Laundering

The Agency for Financial Monitoring of the Republic of Kazakhstan (AFM RK), Kazakhstan's financial watchdog, has taken firm action against illicit cryptocurrency exchanges. Over 3,500 illicit trading sites were stopped by the regulator in 2024, and 36 unregistered platforms with a combined revenue of 60 billion tenge (roughly $112.84 million) were liquidated. The Ministry of Culture and Information and the National Security Committee worked toge...

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