Kazakhstan plans to tighten financial monitoring of digital assets

Deputies of the Mazhilis (the lower house of Kazakhstan’s parliament) approved a bill providing for financial monitoring of the issuance, trading, and exchange of digital assets. The report is by «Капитал».

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The document aims to amend the anti-money laundering and counter-terrorist financing legislation.

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Under the proposal, those involved in issuing, organizing trading, or providing digital asset exchange services would become subject to financial monitoring.

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In addition, the document provides for monitoring of monetary operations and the assets of public officials.

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Last year, Kazakhstan adopted amendments to the legislation defining digital assets as property, classifying them as secured and unsecured.

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For more on cryptocurrency regulation in Kazakhstan and other Central Asian countries, read ForkLog’s exclusive.

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