The Kazakhstan Financial Supervisory Authority's 2025 enforcement report has just been released, and its力度 (strength) is worth noting. According to local media reports, the department has investigated and shut down a total of 22 underground cryptocurrency exchange points throughout the year. These operations mainly involve drug trafficking and scam fund laundering. At the same time, the regulatory authorities have also shut down over 1,100 illegal online crypto exchange services and frozen approximately 20,000 proxy cards used for money laundering.

This series of actions reflects a rising trend in global regulatory attitudes toward the cryptocurrency sector. Illegal exchange channels, underground banks, and money laundering operations have long been key targets for law enforcement agencies worldwide. With the improvement of regulatory tools and the accumulation of enforcement experience, similar cross-border crackdowns are expected to continue increasing. For compliant exchanges and legitimate players, this is actually a positive signal—the market normalization process is accelerating, making the survival space even safer.