In brief
- Kazakh authorities terminated operations at 130 unlicensed crypto platforms suspected of processing illicit funds, confiscating digital assets valued at $16.7 million.
- Financial monitors identified 81 underground cash-out networks handling more than $43 million.
- Planned biometric authentication for cash transactions could morph into surveillance infrastructure “without strong data-protection laws and independent oversight,” an expert warned.
Kazakh financial authorities have terminated operations at 130 unlicensed crypto platforms and confiscated $16.7 million in digital assets during a nationwide enforcement campaign targeting money laundering operations.
Kairat Bizhanov, the Deputy Chairman of the country’s Financial…
Oct 08 2025
