🇰🇿 A large-scale cleaning of the crypto market was arranged in Kazakhstan.

➤ The Financial Monitoring Agency (AFM) closed 130 illegal crypto exchanges through which criminal proceeds were laundered - cryptocurrency worth $16,700,000 was seized.

➤ By law, only exchanges licensed by the Astana Financial Services Authority (AFSA) can operate in the country. All the others are outlaws.

➤ The authorities are also strengthening the fight against fraud and shadow schemes:
• 81 underground groups with a turnover of $43,000,000 have been identified.
• $24,000,000,000 was cashed out through ATMs per year.
• New rules are introduced - now when replenishing a card over 500,000 tenge, IIN and confirmation through the application are required.

➤ Amendments against one-day firms are being prepared: 3,600 fictitious companies related to fraudulent operations worth 280,000,000,000 tenge ($511m) have already been liquidated.

@Сryptoz ₿