Nepal Rastra Bank, Department of Foreign Exchange Management Information regarding illegal trading/business under Virtual Currency / Cryptocurrency and Network Marketing.
The temptation to trade/use Virtual Currency / Cryptocurrencies in a short period of time to invest in such Virtual Currency / Cryptocurrency related Hyper Fund and to get involved in Pyramid based Network Marketing i.e. Jocial, Crowd 1, Solémax Global. This bank has drawn serious attention in this regard as it has come to know the information.
Virtual Currency / Cryptocurrency has not been legally recognized as a foreign exchange or currency in Nepal. While engaging in illegal financial instruments as mentioned above, the general public is deceived and money is smuggled out of the country.
This information has been published for the information of the general public to take action as per the prevailing law if it is found that Nepali and foreign nationals residing within Nepal and Nepali nationals living abroad have been involved in such business and business.
Published on the website of Nepal Rastra Bank www.nrb.gov.np Date: 2078-10-09
