Close Menu
Cryprovideos
    What's Hot

    Pudgy Penguins Worth Prediction: Will PENGU Hit $0.10 in 2025 as Bull Flag Sample Varieties?

    September 6, 2025

    Shiba Inu Diamond Palms Are Refusing To Promote, Bulls Eye $0.00009 ATH

    September 6, 2025

    Bitcoin Value Rejected at $113,000, Spot BTC ETFs Lose $400 Million in Two Days, Open Curiosity Stagnates: Bitcoin Scorching Information Recap – U.At this time

    September 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»36 Unauthorized Crypto Exchanges Shut Down in Kazakhstan Amid Ongoing Crackdown
    36 Unauthorized Crypto Exchanges Shut Down in Kazakhstan Amid Ongoing Crackdown
    Crypto News

    36 Unauthorized Crypto Exchanges Shut Down in Kazakhstan Amid Ongoing Crackdown

    By Crypto EditorJanuary 8, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    In 2024, Kazakhstan intensified its efforts to deal with cash laundering by shutting down 36 unlawful cryptocurrency exchanges, a pointy decline of 96% in comparison with the earlier 12 months.

    On January 6, the Monetary Monitoring Company (FMA) of Kazakhstan revealed that these exchanges had been working with out correct authorization.

    The company defined that these unlicensed platforms facilitated illicit actions by permitting untraceable fiat-to-crypto and crypto-to-fiat transactions, typically utilized by criminals equivalent to cyber fraudsters and drug sellers. The FMA said that the overall turnover of the 36 exchanges was round 60 billion Kazakhstani tenge ($112.8 million), with authorities seizing roughly 2.5 billion tenge ($4.8 million) in belongings.

    This crackdown is a part of Kazakhstan’s ongoing marketing campaign towards unlicensed crypto providers. In 2023, the FMA took motion towards 980 unlawful exchanges and initiated 9 investigations associated to cash laundering. Regardless of these efforts, a number of globally licensed exchanges, together with Binance, Bybit, and Upbit, proceed to function legally throughout the nation.

    Kazakhstan has been actively working with different authorities businesses, such because the Nationwide Safety Committee and the Ministry of Tradition and Data, to get rid of unlicensed exchanges. Up to now, over 3,500 unlawful platforms have been taken offline. Amongst these, two had been discovered to be working as pyramid schemes, prompting authorized actions and the return of $545,000 to defrauded buyers.

    36 Unauthorized Crypto Exchanges Shut Down in Kazakhstan Amid Ongoing Crackdown





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Crypto Growth Quickly? Main Banks Predict At Least 2 Price Cuts After Weak Labor Knowledge | Bitcoinist.com

    September 6, 2025

    ARK Make investments boosts crypto bets with $16M BitMine, $7.5M Bullish inventory buys

    September 6, 2025

    Belarus Weighs Mining Plans Whereas Tightening Crypto Oversight

    September 6, 2025

    Right here's how a weak jobs report may spell positive factors for crypto

    September 6, 2025
    Latest Posts

    Bitcoin Value Rejected at $113,000, Spot BTC ETFs Lose $400 Million in Two Days, Open Curiosity Stagnates: Bitcoin Scorching Information Recap – U.At this time

    September 6, 2025

    The Avant-Garde And Bitcoin: Decentralized Cash Didn't Come From Nowhere

    September 6, 2025

    Bitcoin and Ethereum Hit New Highs—Why Not Dogecoin? – Decrypt

    September 6, 2025

    MARA’s Bitcoin Holdings Close to $6B With 52,477 $BTC, Hyping Up Bitcoin Hyper

    September 6, 2025

    Tether, El Salvador Deepening Ties to Gold, the 'Pure Bitcoin' – Decrypt

    September 6, 2025

    The Combat for Bitcoin's Soul: Adam Again Warns In opposition to Rise of 'JPEG Spam'

    September 6, 2025

    Germany Might Make a $5 Billion Bitcoin Comeback

    September 6, 2025

    $3.38B Bitcoin Choices Expiry Sparks Fears of September Volatility – BlockNews

    September 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    What a Strengthening U.S. Greenback Means for Crypto Buyers in 2025

    December 23, 2024

    Crypto Market Retreats Amid Document Liquidity and Indicators of Froth – Decrypt

    July 25, 2025

    Senate Banking Chairman Tim Scott predicts as much as 18 Democrats to interrupt ranks on sweeping crypto legislation

    August 19, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.