Arrests of at least seven people were carried out despite the fact that the country does not yet have regulatory legislation for crypto currency. This is reported by Cryptocoinsnews, referring to the local edition of Ekantipur.
The police operation took place in two cities of Nepal, Kathmandu and Chitwan. The investigation and arrest is handled by the Central Bureau of Investigation. As reported by the media, this is the first case of arrest of persons involved in the Bitcoin trade.
The suspects were arrested by representatives of the Central Bureau of Investigation (CIB) in Kathmandu and Chitwan. It is reported that this is the first case of arrest of persons involved in trade in crypto-currencies in the territory of Nepal.
“They were placed in custody. The amount of funds used for trade will be established in the course of further investigation, “Ekantipur writes, citing information from the CIB representative.
This situation will cause a lot of questions among users of crypto currency in Nepal. Since the trade in crypto-currencies is not prohibited, it is unclear what charges will be brought against the detainees.
However, it is worth noting that the government of Nepal is already developing regulatory laws for crypto currency. One of the possible options is a complete ban on crypto-currency in the country.
Recall that in anticipation of the “crypto-currency” bill, the local analogue LocalBitcoins Bitsewa exchange suspended its work.