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    1. coinfeeds-bot on

      tldr; Kazakhstan has shut down 130 unlicensed crypto platforms and seized $16.7 million in digital assets as part of a crackdown on money laundering. Authorities also uncovered 81 illegal networks converting crypto to cash, with transactions exceeding $43 million. New measures include mandatory identity verification for payment cards and plans for biometric authentication to enhance financial transparency. Experts caution that while these steps deter crime, they risk infringing on privacy and could lead to misuse of biometric data.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. letsdrinktothat on

      $16.7 million from 130 unlicensed exchanges doesn’t seem very much, that’s only $128k per exchange, ~1BTC per exchange at current prices. Are the criminals in Kazakhstan really small-time, or did the journalist mean to type B rather than M?

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