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Uzbek Court Sentences Student to 10 Days in Prison for Crypto Sales

source-logo  news.bitcoin.com 13 June 2024 07:22, UTC

A 24-year-old Termez State University graduate has been sentenced to 10 days of administrative imprisonment for selling cryptocurrency notcoin. Termez State University is a public institution located in the capital of Surkhandarya province, Uzbekistan. The court found him guilty of violating laws governing the circulation of crypto assets. The case began when a complaint was filed with Tashkent city’s Department of Internal Affairs (DIA) on June 1. The subsequent investigation uncovered the student’s illegal crypto transactions, conducted using his phone and bank card. During the court hearing, the student admitted his guilt, explaining that he had sold notcoin via Telegram for 800,000 Uzbekistani som ($63) and was unaware that his actions were illegal. He requested leniency from the court. The Chilanzar district criminal court found him guilty under Part 1 of Article 155-4 of the Administrative Responsibility Code, which addresses offenses related to crypto asset legislation.