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
- Almost 100 Houses Flooded After Heavy Rain In Mangistau Region
- Medeu Reconstruction Workers Complain About Unpaid Wages
- Tax Breaks Planned in Kazakhstan to Ease Pressure on Businesses and Investors
- More Than Two Tons of Infected Plums and Cherries From Kyrgyzstan Blocked at Kazakhstan Border
- Almaty Zoo Welcomes First Raccoon Cubs in Almost Two Decades
- Mausoleum, Necropolis and Rare Trade Artifacts Found in Northern Kazakhstan
- Imported Chinese Cars May Get Much More Expensive For Kazakhstanis
- Kazakhstan Reports Less Crime, But Serious Cases Are Becoming More Prominent
- Officials Fined Over Illegal Dumps in Atyrau Region
- Astana to Reward Residents for Reporting Offenses
- Kazakhstan Officially Licenses Crypto Exchange Operator for the First Time
- More Than 200,000 People in Kazakhstan Legally Own Weapons
- Kazakhstan Builds Greenhouses To End Winter Vegetable Shortages
- Kazakhstan’s State Oil Company And China’s CNPC Plan Refinery Expansion
- Kazakhstan And Turkey Sign Nuclear Energy Cooperation Deal
- Kazakhstan Sets Campaign Dates For Kurultai Election
- Kazakhstan Tightens Control Over Fuel Prices
- Almaty Metro Bans Electric Scooters, Bikes And Skateboards
- Kazakhstan Ready To Supply Gasoline To Russia On Mutually Beneficial Terms
- Banks in Kazakhstan and Other EAEU Countries Tighten Rules on Cash Ruble Deposits
