In 2024, the Kazakh authorities closed more than 3,500 online crypto exchangers, 36 offline points, two pyramids, and froze and confiscated assets worth 4.8 million USDT. This follows from press release Agency of the Republic of Kazakhstan for Financial Monitoring (AFK RK).
As noted by the AFK of the Republic of Kazakhstan, such structures do not identify clients in any way, and also do not identify suspicious transactions. Allegedly, this is why criminals, including cyber fraudsters and drug dealers, resort to their services.
The agency also noted that the blocking of online crypto exchangers was undertaken in cooperation with the National Security Committee and the Ministry of Culture and Information of Kazakhstan. In addition, the release provides some details regarding closed resources and structures.
In particular, the turnover of 36 offline crypto exchangers amounted to 60 billion tenge (about $112 million). In the pyramid scheme case, authorities were able to return $545,000 to clients and freeze another $120,000.
The release emphasizes that the AFK of the Republic of Kazakhstan has developed certain amendments that provide for liability measures for service providers in the field of digital assets that do not adhere to the rules in terms of the AML policy. But what exactly is being discussed is not specified in the note.
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Source: Cryptocurrency
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