Kazakhstan closes 130 crypto platforms in shadow economy crackdown
By Galiya Khassenkhanova
Published on
Kazakhstan has intensified its fight against financial crime, closing 130 cryptocurrency exchanges linked to money laundering and confiscating digital assets valued at $16.7 million (€14.4 million), the Kazakh Agency for Financial Monitoring (AFM) reported.
According to the AFM, these shadow platforms were used by criminal groups across Kazakhstan, Russia, Ukraine and Moldova to launder proceeds from drug trafficking and online fraud.
The agency described the scheme as a multi-step process. Drug dealers and cybercriminals first transferred their profits, either…
