Illegal bitcoin exchange from Kazakhstan kept funds on Binance


In Almaty, an online cryptocurrency exchange was revealed, which from 2019 to 2022 worked without registration and a license to provide services. This is reported by the local Financial Monitoring Agency (AFM).

According to the investigation, in 2020-2021 alone, an individual entrepreneur received a total income of almost 94 million tenge (∽$210,000).

About 310 million tenge (∽$693,000) was transferred to his wallet on the Binance bitcoin exchange.

The court found the defendant guilty and imposed a fine, the amount of which the AFM did not provide.

Recall that in March, employees of the department stopped the activities of the illegal ABS Change cryptocurrency exchange with a turnover of $34 million. Law enforcement officers seized $358,000 in cash and froze another $23,000 on Binance exchange wallets.

In May, alleged organizers of the MetaGo cryptocurrency pyramid were identified in Kazakhstan.

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