Kathmandu, October 30
One person has been arrested on charges of involvement in crypto transactions worth more than Rs 2 billion.
The arrested is 28-year-old Sunil Kumar Yadav, a resident of Sabaila Municipality-12 in Dhanusha. Police received information that gambling was being played and run through various electronic channels and online betting applications, and that large-scale illegal cryptocurrency transactions were taking place.
Acting on this tip-off, a police team deployed from the Kathmandu Valley Crime Investigation Office in Teku arrested him in coordination with the District Police Office, Dhanusha.
Preliminary investigation has found that he has so far carried out crypto transactions worth Rs 2.16 billion (Rs 2,160,120,821).
Police have obtained a remand extension from the Kathmandu District Court and are continuing their investigation into the offence of the prohibited use of virtual currency.
