On January 28, Kazakhstan’s President Kassym-Jomart Tokayev announced that one of its banks had facilitated the transfer of over 7 trillion tenge (approximately $14 billion) from a neighboring country to other nations.
“From a legal, economic, and political perspective, this is an outrageous fact,” Tokayev stated in remarks relayed by the government’s press service. “Unfortunately, such fraudulent financial schemes persist.”
The president also noted that Kazakhstan ranks among the global leaders in combating illegal capital withdrawals through cryptocurrency operations. To date, over 130 illicit cryptocurrency exchanges with transaction volumes exceeding 62 billion tenge (roughly $124 million) have been shut down within the country.
