The Kazakhstani regulatory agency AFM RK announced that authorities have blocked over 3,500 illegally operating cryptocurrency exchanges. This action is the result of a joint effort by the National Security Committee and the Ministry of Culture and Information. Previously, in 2023, authorities also blocked access to Coinbase on the grounds of violating digital asset laws.

In 2024, the regulatory agency dismantled 36 illegal cryptocurrency exchanges with a total trading volume of 60 billion Kazakhstani tenge (approximately 113 million USD), and froze assets worth 4.8 million USDT. In addition, authorities also uncovered two cryptocurrency pyramid schemes, returning 545,000 USDT to victims and freezing 120,000 USDT held by the platforms.