Illegal crypto turnover worth 3.5 billion soums uncovered in Surkhandarya

Two cases involving illegal crypto-asset activities have been uncovered in Surkhandarya region, the Ministry of Internal Affairs reported.

According to the statement, a citizen born in 1987 in Surkhandarya region had been illegally engaged in crypto-asset circulation using his mobile phone. Preliminary calculations show that from October 18, 2024 to the present, he carried out 438 transactions totaling 53,348 US dollars (652 million soums).

During оперативные measures, another illegal activity was identified. A resident of Termez was found to have illegally circulated nearly 3 billion soums in violation of legislation regulating crypto-asset transactions.

A criminal case has been initiated under Article 278-8 of the Criminal Code (violation of legislation on crypto-asset circulation), Part 2, clauses “a” and “v,” and investigative actions are underway.

For reference, crypto-asset trading in Uzbekistan is permitted only with a license issued by the National Agency of Perspective Projects.

Earlier, it was reported that a resident of Pakhtaobod district in Andijan region was detained for illegally exchanging crypto-assets worth 26.061 billion soums.