Close Menu
Cryprovideos
    What's Hot

    Galaxy Digital Sells 1,167 Bitcoin Amid Ongoing Volatility

    August 31, 2025

    4,600,000 Burned ETH Coming Again? Ethereum Neighborhood Basis Declares BETH – U.As we speak

    August 31, 2025

    THORChain's Orbital Swimming pools Revolutionize Cross-Chain Stablecoin Liquidity

    August 31, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Kazakhstan Shuts Down 36 Unlawful Crypto Exchanges in 2024 | Stay Bitcoin Information
    Kazakhstan Shuts Down 36 Unlawful Crypto Exchanges in 2024 | Stay Bitcoin Information
    Bitcoin

    Kazakhstan Shuts Down 36 Unlawful Crypto Exchanges in 2024 | Stay Bitcoin Information

    By Crypto EditorJanuary 10, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Kazakhstan shuts down 36 unlawful crypto exchanges, freezes belongings, and strengthens rules to make sure a safe, regulated crypto setting.

    Kazakhstan has taken robust actions to fight unlawful cryptocurrency exchanges. In 2023, regulators blocked greater than 3,500 unlicensed exchanges. The results of such cooperation was the Nationwide Safety Committee’s effort, in cooperation with the Ministry of Tradition and Data. As well as, Coinbase was additionally blocked off from the federal government, which mentioned the platform had violated digital asset legal guidelines within the nation.

    In 2024, Kazakhstan’s regulators did one thing extra, after they shut down 36 unlawful crypto exchanges. The full turnover of those exchanges was 60 billion Kazakhstani tenge, or over $113 million. Authorities additionally froze and confiscated belongings of about 4.8 million USDT (a stablecoin) from these platforms. It was a part of wider efforts to chop out the plague of the cryptocurrency market in Kazakhstan.

    The crackdown didn’t finish there. Authorities busted two cryptocurrency pyramid schemes. They returned 545,000 USDT to the victims of those schemes in response. In addition they froze an extra 120,000 USDT on the platforms. The actions present that Kazakhstan has taken measures to forestall its residents from doing fraudulent issues within the crypto house.

    Kazakhstan Tightens Rules on Crypto Whereas Supporting Innovation

    To bolster its efforts additional, Kazakhstan’s monetary regulator, AFM RK, has been working with worldwide companions. The target is to present crypto transactions a greater monitoring to keep away from prison exercise. Together with this, the gov has additionally proposed modifications to the nation’s legal guidelines, together with new penalties for digital asset suppliers engaged in cash laundering.

    That isn’t all that authorities is doing, in fact, in the case of enforcement. They’re additionally attempting to regulate the cryptocurrency market rigorously. In 2023, Bybit obtained the total crypto trade license from Astana Monetary Providers Authority (AFSA). It additionally acquired regulatory approval from AFSA to legally function the nation. That these strikes present that Kazakhstan is welcoming, regulated crypto exchanges whereas additionally ensuring its legal guidelines are adopted.

    Furthermore, Kazakhstan is engaged on the creation of a digital forex. Launching a pilot program for the digital tenge, the central financial institution digital forex (CBDC), the Nationwide Financial institution of Kazakhstan has performed so. As well as, the central financial institution has additionally made processes simpler for worth added tax (VAT) reimbursement with digital fiat.

    Lastly, the cryptocurrency house is innovation and strict regulation in Kazakhstan. It’s working exhausting to show itself into a rustic that’s working to make digital belongings safe and correctly regulated and embrace new applied sciences.

     



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Galaxy Digital Sells 1,167 Bitcoin Amid Ongoing Volatility

    August 31, 2025

    Sudden Participant: Japanese Nail Salon Targets $3-B In Bitcoin Holdings

    August 31, 2025

    Will Bitcoin worth drop in September?

    August 31, 2025

    Crypto horoscope from September 1 to 7

    August 31, 2025
    Latest Posts

    Galaxy Digital Sells 1,167 Bitcoin Amid Ongoing Volatility

    August 31, 2025

    Sudden Participant: Japanese Nail Salon Targets $3-B In Bitcoin Holdings

    August 31, 2025

    Will Bitcoin worth drop in September?

    August 31, 2025

    Bitcoin At $10 Million? Adviser Says Doubters Nonetheless Gained’t Consider It

    August 31, 2025

    Bitcoin Value Evaluation Reveals Market-Backside Cues, however $113,500 Stays the Key Take a look at

    August 31, 2025

    Bitcoin Asia 2025 Takes Over Hong Kong Subsequent Week as The Largest Of Its Form in Asia

    August 31, 2025

    Bitcoin vs. Gold: Which Is the Higher Hedge Asset in 2025?

    August 31, 2025

    Bitcoin Skepticism Gained’t Go Away—Even at $10 Million, Says Adviser

    August 31, 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

    Crypto Volatility is Tamer Than You Suppose !

    February 14, 2025

    Crypto crime unit with $250M in seizures expands with Binance

    August 12, 2025

    Trump to Lead White Home Crypto Summit as U.S. Shapes Digital Finance Coverage

    March 2, 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.