The Nepal Rastra Bank(NRB) has issued a warning to persons involved in virtual currency and networking businesses.
The Nepal Rastra Bank (NRB) has issued a warning to people involved in the business of virtual currency and networking that they will be subjected to legal action. A press release issued on Sunday stated that anyone discovered to be involved in the cryptocurrency and pyramid-based networking businesses such as hyper fund, jocyal, crowd1, soul max, and global will be subjected to legal action by the NRB.
“In Nepal, virtual currency does not have legal status and is not accepted as payment. As a result, people can be duped by virtual currencies and social networking sites. As a result, there is an unlawful capital outflow “According to the NRB, even if a foreign person is proven to be involved in this criminal crime, they will be prosecuted and punished in accordance with the law.