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ASTANA, Kazakhstan, March 27. The Financial
Monitoring Agency of Kazakhstan (FIU) has prevented the illegal
circulation of cryptocurrency in the Kostanay region, Trend reports via the
agency.
“The FIU department in the Kostanai region has initiated
pre-trial proceedings against two individuals for their involvement
in the illegal trading of cryptocurrency. These individuals engaged
in unlawful entrepreneurial activities from 2020 to the present,
conducting transactions of unbacked digital assets on crypto
exchange platforms, resulting in substantial income generation,”
stated the report.
According to the information, to implement and attract
customers, they created a crypto exchange website, through which
any person could apply for the exchange of cryptocurrency.
During searches at the residences of these individuals, items
confirming illegal activities were discovered and seized, including
system blocks, laptops, cell phones with cryptocurrency exchange
applications, the website of a cryptocurrency exchange, as well as
login credentials for the exchange account.
The FIU stated that the suspects’ assets and funds in the crypto
exchange accounts have been confiscated. The illicit proceeds from
the sale of unbacked digital assets totaled nearly $1.35
million.
The investigation continues.
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