Kazakhstan Senate approves legislation regulating crypto service providers

  • According to new legislation passed by the upper house of the country’s national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering regulations, as reported by local news outlet Vlast.
  • The new law extends the country’s financial monitoring system to cover crypto service providers.
  • When a firm launches its cryptocurrency trading service or issues digital assets, it would have to notify the Ministry of Digital Development, Innovation and Aerospace Industry in Kazakhstan.
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