According to PANews, Kazakhstan's regulatory agency AFM RK announced the blocking of more than 3,500 illegal cryptocurrency exchanges. The operation was jointly carried out by the National Security Committee and the Ministry of Culture and Information.
In 2024, the regulator liquidated 36 illegal cryptocurrency exchanges with a total transaction volume of 60 billion tenge and froze assets worth 4.8 million USDT. It also uncovered two cryptocurrency pyramid scams and returned 545,000 USDT.
The AFM said it is working with international partners to strengthen regulation of cryptocurrency trading, combat its use for criminal purposes, and develop legal amendments to hold digital asset providers accountable for money laundering.