Despite Kazakhstan’s public pro-crypto stance, the volume of crypto platforms engaged in illicit financial schemes and closed down increased in 2025.
Kazakhstan, an emerging cryptocurrency hub in Central Asia, has been cracking down on illicit activity in the cryptocurrency sector, shutting down dozens of crypto platforms this year.
Kazakhstan’s Financial Monitoring Agency (AFM) has taken down 130 crypto platforms involved in money laundering schemes this year, a spokesperson for the agency told Cointelegraph on Wednesday.
The authorities have also seized $16.7 million in various cryptocurrencies linked to these illegal operations, the AFM representative said, confirming local reports from Tuesday.
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