Kazakhstan's Crypto Crackdown: Privacy vs. Security
Update: 2025-10-08
Description
Kazakhstan cracks down on illegal crypto, seizing $16M and shutting down 130 platforms in a bid to curb money laundering. Authorities are battling underground networks converting crypto to cash via ATMs, exploiting weak ID checks. New rules demand ID verification for transactions over $900 and biometric scans at ATMs, sparking debate over privacy versus security. Is this a necessary crackdown or a step too far into surveillance territory?
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