Kazakhstan tightens management: The hidden risks behind the figure of 350 million USD
Although news about the reserve fund sounds glamorous, brothers need to remain alert to the dark side of the issue. The President of Kazakhstan is ordering the relevant authorities to fiercely crack down on illegal exchanges. That's the situation, more than 130 illegal exchanges have been closed and assets worth 5 million USD have been confiscated. This shows that the government wants to have absolute control over cash flow to prevent capital outflow abroad. #anhbacong
The central bank's investment through hedge funds instead of holding directly also shows they are still very cautious about market volatility. For retail investors, the message here is very clear: the era of "underground" trading in these areas is coming to an end. If brothers intend to seek opportunities in emerging markets, be very careful with legal issues. The deep intervention of the state can bring transparency, but it also comes with strict regulations that may reduce the inherent freedom of Crypto. $BTC
