Pardafas Reporter
While the developing neighbouring countries around Nepal has started regulating the new form of money popularly known as cryptocurriences, and legalised various other forms of digital money transaction the Nepali authorities are not showing any signs to reform the existing rules.
In line with this the Central Investigation Bureau of Nepal Police has yet again warned people not to get involved in illegal online business like cryptocurrency, hyper fund, and digital networking, among others.
Issuing a notice, the CBI stated that it was minutely monitoring such businesses that were being run although they were banned. It said that investigation was conducted against those involved in such illegal business and actions were also being taken.
Urging one and all not to be involved in the transaction of such business, the CBI shared that online transaction under cryptocurrency and digital networking business had been declared illegal recently.
The CBI has also requested the public to provide them with information if they found that anyone was involved and running such illegal business.
The CIB had earlier arrested handful of youths from the capital for doing trade through cryptocurrencies. This action of police was criticised mostly by urban youths as they demanded reforms in existing laws and allowing youth entrepreneurs in the country.
Earlier, Nepal Rastra Bank, which governs all monitory transaction in the country, had also sought help of law enforcement authorities about these issues.
Moreover, the NRB has been facing difficulties to regulate the normal digital transaction of money due to rised in the use of electronic media in financial transactions.
