Kazakhstan has taken significant strides in regulating its cryptocurrency market, with a focus on protecting investors and preventing illicit activities. In 2022, the country's authorities stepped up their efforts and blocked 36 unlicensed crypto exchanges. The crackdown resulted in the seizure of approximately $4.8 million worth of assets, which were frozen and confiscated by the government. This move adds to Kazakhstan's ongoing efforts to establish a well-regulated crypto ecosystem. Previously, the authorities had blocked over 3,500 unlicensed exchanges, demonstrating their commitment to fostering a safe and transparent environment for digital asset trading.