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This yr, Kazakhstan’s Monetary Monitoring Company (AFM) blocked entry to nearly a thousand crypto exchanges that have been serving the nation’s residents with out correct registration.
In response to the press launch from Dec. 7, revealed on the federal government’s web site, the AFM denied entry to 980 unlawful platforms in 2023. It additionally launched 9 investigations into “unlawful change operations” and cash laundering. This info was revealed by the chairman of the AFM, Ruslan Ostroumov, throughout the assembly of the Eurasian Group on Combating Cash Laundering in China.
Associated: Kazakhstan formally launches digital tenge
The Digital Property Legislation, which got here into impact in February 2023, prohibits the creation and buying and selling of digital currencies and cryptocurrency change actions until a nationwide license is obtained. The Astana Worldwide Monetary Middle (AIFC), functioning as a particular financial zone in Kazakhstan, is accountable for granting preliminary approval for operations.
The record of exchanges blocked as a result of absence of a nationwide license consists of some main worldwide platforms. In November, it turned recognized that Kazakh residents have been unable to entry the Coinbase web site after this was blocked by an order from the Ministry of Tradition and Data. Ministry representatives defined to journalists that the request got here from a unique authorities physique, the Ministry of Digital Growth, which accused Coinbase of violating the Legislation on Digital Property.
To this point, Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit and Xignal&MT have been accepted to function within the nation.
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