The Big Picture:
As the world's economic powers become more crypto-friendly, efforts among countries like Japan, Kazakhstan, and Singapore, reflect a growing trend in Asia towards creating a more regulated and secure environment for crypto exchanges.
What He Is Saying:
Kazakh President Kassym-Jomart Tokayev: only 5% of Kazakhstan’s crypto investors use regulated platforms, while the rest operate in the so-called ‘gray zone.’ Urgently, infrastructure for the broader legal circulation of digital assets should be created.
Key Points:
- In 2024, Kazakhstan shut down 36 illegal crypto platforms with a combined turnover of nearly $113 million.
- Regulators also blocked access to over 3,500 unregistered crypto trading sites.
Go Deeper:
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