Those who trade in cryptocurrency and network marketing and hyper funds are now directly in Jail!

Kathmandu: Nepal Rastra Bank (NRB) has said that transactions and businesses such as virtual currency-cryptocurrency and network marketing and hyper-fund are illegal in Nepal.

NRB has stated that the recent news of such transactions taking place in Nepal has attracted serious attention.

Stating that virtual currency-cryptocurrency is not legally recognized as a foreign exchange or currency in Nepal, he said that the general public would be deceived, illegally withdrawn money and run away from the country by engaging in illegal financial instruments.  If found to have done so, action will be taken according to the law.