Kazakhstan has launched a sweeping crackdown on illegal cryptocurrency exchanges, shutting down more than 130 unlicensed platforms and seizing nearly $17 million in digital assets. The move marks one of the country’s largest enforcement actions to date, as regulators tighten oversight of the crypto industry to curb money laundering, fraud, and unregulated cross-border transactions. According to Kazakhstan’s Financial Monitoring Agency (AFM), the crackdown focused on exchanges operating outside the country’s licensing framework. These platforms were allegedly conducting large-scale digital asset trading and ... (full story)