On Nov. 8, the Kazakh government plans to bring local companies dealing with digital assets under its supervision. Under a proposed bill, these entities would have to provide the country's financial regulator with detailed information about their crypto operations to prove they are not linked to money laundering schemes. MP Olga Perepechin noted that the move is aimed at reducing the risk of money laundering and terrorist financing. Currently, individuals and companies dealing with digital assets in this Asian country are not subject to financial regulation, which makes crypto transactions attractive to criminals: "This has led to the spread of crimes in the field of money laundering and terrorism financing, including the shadow economy. "However, the country's president, Kassym-Jomart Tokayev, will have the final say on whether this legislation comes into force officially.