In Kazakhstan, it is prohibited to conduct currency exchange transactions, including using digital assets, without organizing a legal entity and obtaining the appropriate license. However, a resident of Astana launched an advertising newsletter in the Telegram messenger about the sale and purchase of unsecured digital assets. He exchanged cryptocurrencies daily, and the total amount of transactions exceeded 342 million tenge ($745,000).
“By these actions, he provided the opportunity for individuals, including non-residents, to purchase unsecured digital assets for any currency in the Republic of Kazakhstan. During the period from February to July of this year, operating an exchange office, he sold the USDT cryptocurrency for cash in the amount of more than 342 million tenge,” the Financial Monitoring Agency of Kazakhstan reported.
Now the suspect has been charged with a criminal offense for exchanging currencies on a particularly large scale.
It should be noted that since the beginning of the year, law enforcement agencies of Kazakhstan have closed almost 1,000 illegal cryptocurrency exchangers.
Source: Bits
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