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Kazakhstan Records $15M in Crypto-Related Crimes Amid Hub Aspirations

Kazakhstan Records $15M in Crypto-Related Crimes Amid Hub Aspirations

Author:

Global Cryptocurrency

Published:

2025-11-04 21:14:01

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BTCCSquare news:

Kazakhstan's Interior Ministry reported over 1,000 cryptocurrency-linked criminal cases in the past two years, totaling $15 million in damages. Fraud dominated at 60%, followed by illegal exchange operations (25%) and money laundering (15%). Deputy Minister Sanzhar Adilov disclosed the figures during a cybercrime forum in Taraz, emphasizing coordinated countermeasures including a new anti-fraud center.

The crackdown contrasts with Kazakhstan's push to become a regional crypto hub, spotlighting regulatory challenges in balancing innovation and security. No specific coins or exchanges were implicated in the reported cases.

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