Kazakhstan Seizes $16.7 Million in Crypto Assets
The AFM of Kazakhstan has shut down illegal crypto exchanges suspected of laundering criminal proceeds, according to the agency’s deputy chairman, Kairat Bizhanov.
Authorities have seized virtual assets worth $16.7 million.
“This year, the activities of 130 unlicensed crypto exchanges involved in laundering criminal proceeds have been halted,” Bizhanov stated.
Under Kazakh law, only exchanges licensed by the regulator AIFC can operate legally in…
