Kazakhstan has blocked access to more than 1,100 unlicensed cryptocurrency platforms over the past year. The move is part of a broader effort to regulate the country’s crypto market.
Authorities aim to direct trading toward licensed exchanges inside the Astana financial center. This is part of the government’s plan to create a secure and regulated digital asset hub.
Officials say the crackdown seeks to reduce money laundering and consumer risk. By shutting illegal platforms and OTC desks, Kazakhstan hopes to protect investors and strengthen oversight.
The country has become a major player in crypto mining after China’s 2021 crackdown on mining operations. Many companies moved to Kazakhstan, boosting its role in the global crypto industry.
Kazakhstan distinguishes between licensed and unlicensed operations. The government wants to support legal exchanges while keeping unauthorized platforms out of the market.
Specifics on which platforms were blocked or how the actions were enforced were not released. Authorities are focused on maintaining control over the rapidly growing digital asset sector.
This move reflects a global trend as countries increasingly seek to regulate cryptocurrency trading, prevent illegal activity, and guide the market toward licensed platforms.
