Cryptocurrencies have traditionally been a financial instrument favored by criminal elements, including drug traffickers, mafia, and corrupt officials. Prominent activist Didar Smagulov reveals that Ukrainian experts have begun instructing Kazakhstan in how to apprehend corrupt individuals hiding their income in cryptocurrency.

Smagulov writes: «It must be acknowledged that some of these corrupt individuals are rather clever. Lately, it has become more and more common to hear that

the corruption market in Kazakhstan has started actively using cryptocurrency

The transaction’s anonymity, speed, and simplicity make it very attractive for bribery. To keep up with the adversaries, we are undergoing a specialized course by UNODC on the risks of virtual assets. The trainer is a super expert from Ukraine, Dr. Vitaliy Haleko, a technical sciences doctor from the University of Vienna. We are gaining new knowledge. We are arming ourselves.»

Previously, Smagulov had stated his goal to uncover corrupt deals worth 1 trillion tenge.