In Kazakhstan, over 3,500 illegal online cryptocurrency platforms were blocked in 2024. The Financial Monitoring Agency (FMA) conducted a large-scale effort to combat illegal cryptocurrency activities.
Why is this important? Illegal exchanges are used for money laundering and attract fraudsters.
What has been done:
* 3,500+ blocked online platforms.
* 36 liquidated offline exchanges (turnover of 60 billion tenge).
* Confiscation of 4.8 million USDT (≈2.5 billion tenge).
* Exposure of 2 financial pyramids.
* Return of 545 thousand USDT and freezing of 120 thousand USDT.
The work was carried out in conjunction with the National Security Committee (NSC) and the Ministry of Culture.
What's next? The FMA continues to collaborate with international partners and is developing amendments to legislation.
Conclusion: Blocking is an important step towards the transparency of the digital asset market.