According to the press service of the Jizzakh Regional Department of Internal Affairs, operatives inspected two mobile phones belonging to a 24-year-old native of Tajikistan, who has been engaged in entrepreneurial activities in Tashkent since 2021.

During the inspection, it was found that the devices contained an electronic wallet registered under a single email address. Examination of the cryptocurrency storage, receiving, and sending application revealed that the individual had illegally exchanged crypto assets totaling 2.8 billion UZS through this wallet.

A criminal case has been initiated under Article 278-8, Part 3, Clause 'a' of the Criminal Code of Uzbekistan (Violation of legislation in the sphere of crypto asset turnover, committed on an especially large scale). An investigation is underway. The sanction of this article provides for imprisonment from 3 to 5 years.

It should be recalled that according to Uzbek legislation, buying, selling, and exchanging crypto assets is only permitted through licensed crypto service providers.

Source: uznews.uz