Financial Monitoring Agency of Kazakhstan reported that in 2024, the activities of more than 3500 illegal online platforms where cryptocurrency transactions were carried out were blocked.
In addition, 36 illegal crypto exchange services with a total turnover of 60 billion tenge ($113 million) were shut down, of which $4,8 million has already been frozen and confiscated.
As stated by the regulator's representatives, the above-mentioned structures did not identify their clients and did not identify suspicious transactions with cryptocurrencies.
Most often, their services were used by cyber fraudsters and members of organized criminal groups, including those involved in the sale of narcotics in the country.
In addition, the activities of two financial pyramids using cryptocurrencies to attract funds from gullible users were exposed.
As part of the investigations, the department has already been able to return 545 USDT to the pyramid clients and froze a total of 000 USDT.
To strengthen control over cryptocurrency transactions and prevent their use for criminal purposes, the agency proposed amendments to the legislation. The changes involve introducing liability for digital asset providers for violations in the fight against money laundering.
