Kazakhstan to Launch Register for Crypto Wallets Tied to Crime
Kazakhstan’s Financial Monitoring Agency (FMA) will create a national register of cryptocurrency wallets linked to criminal proceeds, according to Rashid Orazbek, Head of the agency’s operational analysis department.
The announcement was made during a Senate session, The Caspian Post reports, citing The Times of Central Asia.
Orazbek stated that the FMA is being granted new powers to maintain a centralized database of crypto wallets involved in illicit transactions and money laundering schemes. The system will enable authorities to apply advanced blockchain analytics, accelerate transaction risk assessments, and prioritize oversight of crypto-related activities.
He added that the Financial Action Task Force…
