Three Astana Residents Fined for Illegal Cryptocurrency Mining Operation
Photo: screenshot FMA video
Three residents of Astana have been found guilty of illegal entrepreneurship after operating an unauthorized cryptocurrency mining farm for two years, Orda.kz reports.
According to the Financial Monitoring Agency (FMA), the individuals set up the operation in 2022 under the guise of an engine processing center. Over that period, they mined digital assets valued at over 143 million tenge.
Their electricity usage was comparable to that of a residential district in the city.
During a search, authorities seized 1,257 pieces of mining equipment, industrial fans, a transformer substation, and two vehicles — a Toyota Camry and a Nissan Juke.
The total value of the confiscated property was over 900 million tenge.
By court verdict they were found guilty under Article 214, Part 2 of the Criminal Code (illegal entrepreneurship), and were sentenced to a fine. In addition, the court ordered the amount of criminal proceeds to be collected in the amount of 143.2 million tenge,
commented in FMA.
The verdict has entered into legal force.
Original Author: Alina Pak
Latest news
- Kazakh Activist Sentenced In Electoral Rights Case
- Kazakhstan Signs Extradition Agreements With Hong Kong And Macau
- Kazakhstan Plans Six Air Taxi Vertiports By 2028
- Why Kazakhstan Is Looking For Belgian Businessman Frank Monstrey
- Government Rejects Higher Markups For Rural Food Stores
- Kazakhstan Prepares Local Suppliers For Nuclear Power Plant Construction
- Akimats Turn To Stock Exchange To Fund Housing Projects
- Kazakhstan To Expand Digital Biometric Records System
- Kazakhstan Farmers Face Contract Blocks Over Irrigation Water Debt
- Former Priest Iakov Vorontsov To Be Sent To Psychiatric Hospital
- Astana Woman Jailed For Visa Fraud Worth Nearly 900 Million Tenge
- Foreign-Plated Car Owners Protest Police Raids In Atyrau
- Kazakhstan Wasted Almost 650 Billion Tenge In 2025, Auditors Say
- Almost 90% Of Kazakh Businesses Still Operate Without Innovation
- Demolition, Resettlement And A New Design Code: How Astana Will Be Rebuilt By 2030
- Kazakhstan Plans Large Energy Storage Systems For Wind And Solar Power
- Authorities Consider LRT From Almaty To Alatau, But Metro Extension Is Not Planned Yet
- Kazakhstani Military Personnel To Receive Expanded Social Guarantees
- Kazakhstan’s Banks Are Still Making Billions, But Profit Growth Is Slowing
- Astana Court Allows Ukraine’s Naftogaz To Recover $1.4 Billion From Gazprom
