Kazakhstan's Financial Monitoring Agency has shut down 130 unlicensed cryptocurrency platforms, seizing $16.7 million in digital assets. This action is part of a broader national crackdown aimed at enhancing compliance and reducing illicit liquidity in the crypto market. In addition to the platform closures, authorities discovered 81 clandestine cash-out networks that facilitated over $43 million in transactions. To further curb anonymous crypto-to-cash conversions, Kazakhstan is expanding biometric and card-verification measures. While these efforts aim to strengthen regulatory compliance, experts caution about potential privacy risks associated with increased surveillance.