KATHMANDU, July 8: Police have arrested two Indian nationals for allegedly conducting illegal cryptocurrency transactions amounting to Rs 1.5 billion.
A team from the Central Investigation Bureau (CIB) apprehended Rupesh Kumar Gupta and Bipin Kumar Gupta from Kalopul, Sanepa, of Lalitpur Metropolitan City-2. Rupesh Kumar Gupta was operating a business named "Raj Traders," which, under the guise of a grocery store, was allegedly involved in illegal hundi (informal money transfer) and virtual currency transactions.
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CIB spokesperson SP Yubaraj Khadka said that the suspects were running unlawful operations behind the storefront.
Police have launched an investigation under the Penal Code 2074 BS for unauthorized use of virtual currency, illegal money transfers, and violations related to wildlife crime.
