As reported by the spokesperson of the regional police department Shukhrat Jalilov, the police have initiated a criminal case under part 3 of article 278-8 of the Criminal Code (violation of legislation in the field of cryptocurrency circulation in particularly large amounts). The teenager faces imprisonment for a term of 3 to 5 years. However, if he actively assists in solving the crime, he may avoid liability.

It is still unknown on which platforms the suspect traded. According to the Milliy TV channel, a resident of the mahalla (Muslim community) 'Zarafshan' was engaged in the illegal circulation of cryptocurrency. A preliminary investigation is currently underway to establish all the circumstances of the crime.

We remind you that at the beginning of this year, the authorities of Uzbekistan introduced criminal liability for illegal mining and illegal circulation of crypto assets. At the same time, Uzbekistan became the leader in the RISE Research ranking for cryptocurrency adoption.