Kazakhstan’s courts have sentenced three crypto exchange operators to imprisonment between 2.5 and 3.5 years for conducting illegal exchanges. They processed approximately 1.28 million USD in transactions for around 380 customers, prompting a government crackdown on unlicensed crypto activities.
During the crackdown, the authorities confiscated assets worth about 750,000 USD from the operators, including real estate and vehicles. Kazakh law requires all crypto exchanges to operate under licenses, particularly from the Astana International Financial Center, reinforcing regulatory compliance.