Seven people have been arrested for running Bitcoin Exchange Business, reports The Kathmandu Post. The arrest was made by the Central Investigation Bureau (CIB) of Nepal Police in Kathmandu and Chitwan.
According to DSP Jeevan Kumar Shrestha of the CIB this is the first arrest made of Bitcoin operator in Nepal.
He said, “The traded amount will be discovered after further investigation.” He added that if found guilty, the people can face fine three times the amount in question and jail term up to three years.
The seven suspects have been identified as Gyan Prasad Paudel of Sindhuli, Madhav Khanal of Arghakhanchi, Prashant Pratap Shah of Kathmandu, Bida Dhakal of Nuwakot, Mingmar Tamang of Sindhupalchok, Daman Basnet of Kathmandu, and Manish Kumar Giri of Rupandehi.
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. The system is peer-to-peer, and transactions take place between users directly, without an intermediary.
-
Hero Xtreme 125R, A New Contender in the 125cc Segment, is Coming to NepalHIGHLIGHTS Hero Xtreme 125R price in Nepal is expected to be around Rs. 3 Lakhs.…
-
Motorola Moto G45 5G with Snapdragon 6s Gen 3 SoC Launching Soon in NepalHIGHLIGHTS The Motorola Moto G45 5G price in Nepal is expected to be at Rs.18,999…
-
Hero Xtreme 160R 4V Launching Soon in Nepal: 160cc Scene on Fire!HIGHLIGHTS Hero Xtreme 160R comes with 4-valve technology. It will be the fastest 160cc bike…
