Oct 6, 2017-A police team
deployed from the Central Investigation Bureau (CIB) of Nepal Police for the
first time arrested seven persons for allegedly running bitcoin exchange
business from various parts of the country.
The suspects have been identified
as Gyan Prasad Paudel of Sindhuli, Madhav Khanal of Arghakhanchi, Prashant
Pratap Shah of Kathmandu, Bida Dhakal of Nuwakot, Mingmar Tamang of
Sindhupalchok, Daman Basnet of Kathmandu, and Manish Kumar Giri of Rupandehi.
Issuing a statement on Friday,
the CIB said that they were arrested from Kathmandu and Chitwan.
DSP Jeevan Kumar Shrestha of the
CIB said that this is the first incident that the bitcoin operators have been
arrested from the country.
“They have been kept at the
police custody,” he said, adding, “The traded amount will be discovered after
further investigation.”
He further said that if found
guilty the suspects will be punished under the prevalent laws of Rastra Bank.
If convicted, the accused can
face fine three times the amount in question and jail term up to three years, he said.
Bitcoin is a type of digital
currency in which encryption techniques are used to regulate the generation of
units of currency and verify the transfer of funds, operating independently of
a central bank.
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