A resident of Kostanay region earned 1.9 billion tenge illegally from cryptocurrency operations, the regional prosecutor's office reported. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
The 28-year-old resident organized illegal activities for the purchase and sale of digital assets on the Binance platform without proper permission between 2020 and 2024. To conduct financial transactions, the convict used his own bank accounts, as well as those of relatives and other individuals.
From the illegal activity, he earned 1.9 billion tenge in illicit profit. By court verdict, his property was confiscated, and he was sentenced to 2 years of imprisonment. He was also deprived of the right to engage in activities related to the issuance and circulation of digital assets and digital mining for a period of 7 years, the prosecutor's office said.
Upon the claim of the regional prosecutor's office, the court recovered over 1.9 billion tenge from the convict in favor of the state. Additionally, 13.4 million tenge, 2 passenger cars, and 7.9 thousand US dollars were confiscated in favor of the state.