A 25-year-old resident of Tashkent was convicted for 23 USDT purchase and sale transactions on the Binance exchange.
The court found him guilty because he did not have a license as a service provider in the sphere of virtual assets turnover.
Uzbekistan has a strict regulatory regime for cryptocurrencies. Administrative and criminal liability is provided for illegal cryptocurrency trafficking and mining.
It is worth noting that this is not the first case in Uzbekistan when a person is penalized for cryptocurrency transactions. Earlier, a court in Tashkent appointed a student of Termez State University 10 days of arrest for selling Notcoin gaming tokens.
Read the original article – https://ru.investing.com/news/cryptocurrency-news/article-2441166.
