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Two young Minsk residents face heavy fines and confiscation of significant assets - law enforcement officers assure that the men organized an illegal exchange of funds prohibited in Belarus.
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Countermeasures staffCybercrime Department of Internal Affairs of the Minsk region reported that the first detainee was only 21 years old. From last autumn to February 2023, a resident of the capital was engaged in the circulation of cryptocurrencies, which allowed him to earn 1.8 million Belarusian rubles (about $600,000). Another 24-year-old resident of Minsk received an income of 1.2 million rubles ($400,000) through a similar scheme.
Now the Ministry of Internal Affairs of Belarus is preparing documents fortaking the case to court. Both defendants face significant fines. All funds spent through the wallets of illegal entrepreneurs will be withdrawn and turned into state revenue.
Law enforcement officials stressed:mining, purchase and sale of tokens by individuals is not prohibited in Belarus. However, business of exchange and trade is prohibited. Such activities may in certain cases be regarded as complicity in criminal offenses such as drug trafficking or money laundering. Then, for the organization of a cryptocurrency exchange, residents of Belarus may face a prison term.
At the beginning of the year, one organizer of a cryptocurrency exchange in Belarus was fined
for $1 million