Kazakhstan blocks illegal crypto exchanges to combat money laundering
Kazakhstan authorities have blocked over 3,500 illegal cryptocurrency exchanges in a move to address money laundering concerns. According to a recent press release from the AFM RK, the country’s financial watchdog, the regulator liquidated 36 illegal crypto platforms in 2024 with a combined turnover of 60 billion tenge (roughly $112.84 million) and has blocked access […]
Russia’s central bank to combat illegal crypto OTC services with new surveillance platform: report
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including […]
