Administrative liability for illegal acquisition of crypto-assets has been established

Administrative responsibility for the illicit acquisition of crypto-assets has been implemented in Uzbekistan, with recent amendments signed into law by the President on January 19.

According to the revisions in the Code of Administrative Responsibility, individuals engaging in unauthorized activities such as altering the international unique identification code of a mobile device or developing, distributing, or using special programs for this purpose may face fines ranging from 15 to 20 times the BCA (Basic Calculation Amount), with the seized tools of the crime.

Unauthorized alteration or duplication of a subscriber's device identification module can result in both the confiscation of offensive tools and a fine of up to 20 times the BCA.

Engaging in illegal acquisition, transfer, or exchange of crypto-assets, or providing services related to crypto-asset circulation without a license, may lead to administrative detention for up to 15 days. For those exempt from administrative detention, fines of 20 to 30 times the BCA can be imposed, along with the confiscation of crypto-assets and tools used in these crimes.

Service providers involved in transactions with anonymous crypto-assets could face fines of 30 to 40 times BCA.

Violating established procedures in crypto-asset activities may result in the confiscation of offensive tools, administrative detention for up to 5 days, or fines of 20 to 30 times the BCA for individuals not subject to detention.

Engaging in anonymous crypto-asset mining may result in the confiscation of assets and offensive tools, along with fines ranging from 30 to 40 times the BCA for officials.