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.

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Posted by Samantha Chang on April 1, 2018 @ https://www.ccn.com/kazakhstan-may-ban-cryptocurrencies-citing-money-laundering-concerns/

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