Posted 12/8/2023, 10:42:00 AM
Kazakhstan Cracks Down on Unlicensed Crypto Exchanges
- Kazakhstan's Financial Monitoring Agency blocked 980 unlicensed crypto exchanges in 2023 for operating without registration
- The agency launched 9 investigations into illegal exchange operations and money laundering
- New 2023 Digital Assets Law prohibits creating/trading digital currencies and crypto exchange activities without a national license
- Major exchanges like Coinbase blocked in Kazakhstan for lacking license
- Some approved exchanges include Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit and Xignal&MT