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Kazakhstan shuts down illegal crypto exchange, seizes $350,000

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Kazakhstan has identified and shut down ABS Change, a platform that was illegally trading cryptocurrencies. Three Kazakhstani citizens have been charged with running the exchange, which has been operating without a license since 2021. ABS Change, a platform illegally trading cryptocurrencies in Kazakhstan, has been identified and shut down, according to an update shared by […]

Kazakhstan has identified and shut down ABS Change, a platform that was illegally trading cryptocurrencies.

ABS Change, a platform illegally trading cryptocurrencies in Kazakhstan, has been identified and shut down, according to anThree Kazakhstani citizens have been charged with running the exchange, which has been operating without a license since 2021. The entity also had $23,000 in crypto assets in two wallets on Binance, which was temporarily restricted, according to the statement.

 

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