KATHMANDU: Nepal Rastra Bank (NRB) has warned of action against those involved in the business of virtual currency and networking business. Issuing a press statement on Sunday, the NRB said anyone found involved in the business of cryptocurrency and pyramid-based networking as hyper fund, jocyal, crowd1, soul max and global will be punished.
"Virtual currency is not given legal recognition in Nepal. So, people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said, adding that even the foreign citizen found involved in this illegal act, will be punished as per law.
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Published Date: January 24, 2022, 12:00 am
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