GB Rai invested over Rs184 million in cryptocurrency via Pachhai Prosecutors have requested strict penalties, including imprisonment, fines, and asset seizure, citing the organised misuse of cooperative funds This case highlights the regulatory challenges posed by cryptocurrency in Nepal and the risks of cooperative mismanagement
Why Nepal needs digital currency - The Kathmandu Post Since cryptocurrency and stablecoins are illegal in Nepal, CBDC is the only option connecting us to these new payment systems Nepal Rastra Bank has already taken a step in this direction by joining Project mBridge as an observer
Bitcoin tops $100,000 as bets on Trump fuel crypto euphoria The cryptocurrency industry has been criticised for its massive energy usage, while crypto crime remains a concern, and the underlying technology is yet to deliver a major revolution in the way money moves around the globe
Entering the crypto-verse - The Kathmandu Post Antony Lewis’s ‘The Basics of Bitcoins and Blockchains’ provides a clear and coherent introduction to cryptocurrency, covering blockchain fundamentals and the rise of internet money, among other things
Youngsters lead cyber fraud surge in Nepal - The Kathmandu Post In September, the Crime Investigation Bureau (CIB) arrested Pragyan Rimal, 22, and Ayush Sharma, 20, from Kathmandu for their involvement in cryptocurrency transactions, which is illegal in Nepal An investigation is ongoing Another group was found investing in cryptocurrency and gold
Two arrested from Bhaktapur for crypto mining Police on Friday arrested two people from Thimi of Bhaktapur for allegedly mining cryptocurrency The Central Investigation Bureau took 50-year-old Biswas Gurung and Rajendra Tahamata, 25, into custody in connection with the crime, said Hobindra Bogati, spokesperson for the bureau
Everything you need to know about cryptocurrencies Bitcoin, the first viable cryptocurrency, proposed a radical new form of currency, one that eliminated the need for government guarantees for legitimacy and banks and financial institutions for verification and transactions
A Central Bank cryptocurrency to democratise money As for developing countries that do not borrow in their own currencies, turning a bitcoin-like cryptocurrency into legal tender, as El Salvador did recently, promises to cause even worse problems than those caused by dollarisation
Opinion | Elevating public services through technology Initially synonymous with cryptocurrency, blockchain’s decentralised, transparent, auditable and immutable capabilities can be game-changers for our inefficient public sector services
Central bank sees capital flight risk in illegal investments in . . . “On the other hand, there is no legal remedy for investors if any dispute arises in connection with cryptocurrency transactions,” states the central bank “While investing through others, there is the risk of non-recovery of such funds in cases of fraud ”