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Man Sentenced to Prison for Illegal Cryptocurrency Exchange in Astana

in Economy / Kazakhstan - by


In Astana, a man involved in cryptocurrency mining has been sentenced to 2.5 years in prison with property confiscation for illegal cryptocurrency exchange. The Astana prosecutor's office stated that the man conducted activities without a license in the field of exchanging unsecured digital assets for cash. Over six months, he obtained illegal income amounting to 342.8 million tenge. The prosecutor's lawsuit resulted in the state seizing this sum from the convicted individual. The verdict has come into legal force.

On March 11th, it was revealed that the popular cryptocurrency Bitcoin continues to break price records.