Two residents of Astana have been sentenced for engaging in illegal entrepreneurial activities without registration with the MFCA and without a license. They unlawfully earned over 7 billion tenge on a cryptocurrency exchange.
According to the court, the fraudsters conspired to illegally exchange USDT on the Binance platform for two years, resulting in substantial earnings. They have been found guilty of committing a criminal offense under Article 214, Part 2, Point 2 of the Criminal Code of the Republic of Kazakhstan and have been sentenced to three years and two years six months of imprisonment.
Additionally, they are prohibited from engaging in activities related to unsecured digital assets for a period of seven years. Following an appeal, the verdict remained unchanged and came into legal force.
Previously, it was reported that an Astana resident earned nearly 400 million tenge from cryptocurrency exchange and received a real prison sentence.
