7 arrested in Nepal for trading Bitcoin

in bitcoin •  7 years ago  (edited)

Nepal has a law that Nepalese can't invest in abroad country without proper authorization.These seven were trading by sending money via person in foreign bank account for trading.The suspects] have been kept in police custody,” details Shrestha. “The traded amount will be discovered after further investigation.” However, the DSP did detail the charged suspects are facing fines and a jail-term of roughly three years. Is that mean Mining is also illegal but it doesn't involve investing money in foreign country really confusedbitcoin.jpg
source http://kathmandupost.ekantipur.com/news/2017-10-06/7-nabbed-for-running-bitcoin-exchange-business.html

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Thank You for sharing

thats just sad... btw.. its not illegal.. those guys were involved in money laundering.. hence the arrests.. if you but bitcoin legally through a registered bank account.. im sure u wont have any issues...

they were not laundering money just investing their money in cryptocurrency with the possible ways currently available

okayy.. thanks for the info :)

it would be nice if you post the source of the information, so everyone can check and reserach.

thank you, the source is the key to make journalism worth