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Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns

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Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns

Kazakhstan’s National Bank is considering banning cryptocurrency use, exchanges, and mining, saying virtual currencies are an ideal vehicle for fraud, money-laundering, and tax evasion. “In Kazakhstan, the National Bank is taking a very conservative approach toward the matter, and it welcomes nothing but extremely tough restrictions,” Daniyar Akishev, the chairman of Kazakhstan’s National Bank, told Sputnik News.

The post Kazakhstan May Ban Cryptocurrencies Citing Money-Laundering Concerns appeared first on CCN

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