Kazakhstan to freeze 20,000 money laundering cards and shut down 22 underground cryptocurrency exchange venues by 2025

Odaily Planet Daily reports that Kazakh President Tokayev listened to the Financial Monitoring Agency (AFM) 2025 work report, completed investigations into 1135 criminal cases, compensated victims with 141.5 billion tenge, dismantled 15 criminal groups and 29 platforms engaged in illegal cashing out, with a transaction volume exceeding 128 billion tenge, cracked down on 22 shadow cryptocurrency exchange venues involved in money laundering for drug trafficking and fraud, and blocked over 1100 illegal online cryptocurrency trading services and 20,000 deposit cards used for money laundering. (Tengrinews)

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