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Kazakhstan’s Big Fix For its 90% Crypto Black Market

  • Kazakhstan aims to create a national crypto bank to regulate 90% of currently illegal transactions, ensuring transparency and legal oversight.
  • The bank will centralize monitoring of exchanges and mining, integrating crypto into the national financial system and preventing illegal activities.
  • The move seeks to legitimize the crypto sector, attract foreign investment, and end shadow operations through state-level institutional control.
  • The establishment of a national crypto bank in Kazakhstan will bring regulatory oversight, attract investment, and ensure a transparent and legal ecosystem.

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