Kazakhstan Takes Crypto Exchange Sites To Extremes
It’s no secret that cryptocurrencies are blowing up in popularity all across the globe – especially in Kazakhstan! Not kidding. The central Asian country has taken such a liking to cryptocurrencies that they’ve literally knocked out the competition.
Yes, according to reports, several crypto exchange websites have been taken down in Kazakhstan! Think this is crazy? Don’t worry; you’re not alone. Let’s take a look at some of the details.
Why Did Kazakhstan Shut Down Crypto Exchanges?
Kazakhstan’s government hasn’t made any public statements about why they shut down online crypto exchanges. We can only speculate. Some say it’s because cryptocurrencies are a bit too close for comfort for some of the higher-ups.
While there’s not much clarity on why Kazakhstan has taken such a hard stance, one thing is clear: The government is dead serious about its crypto laws.
What Crypto Exchanges Have Been Shut Down?
Sadly, a lot of crypto exchanges have taken a hit. Here’s a shortlist of some of the exchanges that have been taken down:
- ZenGo
- Huobi
- Binance
- Kucoin
- CoinEx
And the list goes on. We’re not sure why Kazakhstan is targeting these exchanges in particular, but it’s clear that the government is determined to take a stand against them.
Conclusion
It’s no stretched idea to think that the folks in Kazakhstan simply just love cryptocurrencies a bit too much. Will their efforts be rewarded or will crypto become illegal in the country? Only time will tell.
One thing’s for sure; crypto exchange websites in Kazakhstan better watch their backs!
