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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... Coinatory

Binance Secures Regulatory Consent in Kazakhstan, Eyes Full License Binance has achieved a significant milestone by obtaining formal consent from the Astana Financial Services Authority (AFSA) to operate as a fully regulated cryptocurrency trading platform in Kazakhstan. This development positions Binance on the verge of becoming the first exchange in the country to receive a full regulatory license. In an announcement on September 6, Binance disclosed that its local subsidiary, Binance Kazakhstan, has passed... Coinatory crypto news

Mining was called "new oil" in Kazakhstan and they want to strongly encourage the mining of cryptocurrency. This was told by the vice-president of the Association of the blockchain and the cryptocurrency of Kazakhstan Leonid Muraviev. The official explained that mining, the rise in the price of bitcoin and, of the cryptocurrencies in general, can positively affect the economic development of the country. The potential of Kazakhstan allows providing electricity to about half of all miners that mine cryptocurrency in different countries ... Read more about " Mining in Kazakhstan will be encouraged " on coinatory.com

In Astana, the capital of Kazakhstan, the land for street trade will be sold through online auctions using blockchain technology. This is reported by Informburo with reference to Nurlan Zhakupov, the chairman of the company Astana SPK, which is a subordinate organization of the mayoralty of Astana. "In the future, in order to avoid any complaints, on the instructions of the akim (head of the administration) and within the digitalization program, we are introducing a blockchain platform. All auctions, all allocation of sites for the ... Read more about " Kazakhstan, Astana: street trading places to be sold through the blockchain " on coinatory.com

Kazakhstan is considering state licensing of a Blockchain and cryptocurrency lobby group to promote usage and acceptance of the emerging technology. As local news outlet Astana Times reports referencing Kapital.kz, the Blockchain and Cryptocurrency Association has applied for recognition from the country’s government as a legal entity to begin official activities. Kazakhstan has already taken various steps to investigate the potential behind both Blockchain and Bitcoin, appearing to adopt a more broadly tolerant attitude in contrast to n ... Read more about " First CryptoTenge, Now State Association: Kazakhstan Wakes Up To Cryptocurrency " on coinatory.com