Kazakhstan's President Tokayev reviewed the 2025 report from the Financial Supervision Agency (AFM), highlighting a significant crackdown on illegal cryptocurrency activities. Authorities dismantled 22 underground crypto exchanges primarily used for drug trafficking and fraud-related money laundering. Additionally, over 1,100 illegal online crypto exchange services were blocked, and approximately 20,000 shell or proxy cards used for laundering were frozen.
Kazakhstan Cracks Down on Illegal Crypto Activities in 2025
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