Kazakhstan shuts 130 crypto platforms, seizes $17M for illicit activity

Kazakhstan has taken a significant step by shutting down 130 cryptocurrency platforms and seizing $17 million linked to illicit activities. This move highlights the growing concern over the misuse of crypto in financial schemes, despite the country's previously supportive stance towards digital currencies. It underscores the challenges regulators face in balancing innovation with the need for security and compliance, making it a crucial development in the ongoing global conversation about cryptocurrency regulation.