Quote from: hugeblack on January 22, 2022, 06:32:13 AM

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Police said that Bhattarai has so far carried out 1,926 transactions of crypto-coins, including Bitcoin, with 975 people resulting in a turnover of Rs 2.6 million. Likewise, the other two were also involved in crypto trading.

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I don't know what the penalty period they will be sent to, but it seems that Nepal seriously considers cryptocurrency trading illegal.

I wouldn't be surprised if they'd be slapped with a higher jail time in comparison to what was given in the previous case from 2017 ^{[3 years]} but for some reason, "this screenshot" is showing different stats for Bhattarai ^{[I don't have a Facebook account to check if something had been lost in translation or that's actually the content of that post]}:

Quote from: https://preview.redd.it/95ss1ymz75d81.jpg?width=1267&format=pjpg&auto=webp&s=eeefb418a9b0122187744f3647fe52dbc16e9158
Rajan Bhattari, among the arrested persons, has done business with 5 people for 10 times till now, from Mangsir to Push about Rs. 2075,000,2019.

Quote from: Lucius on January 22, 2022, 12:03:45 PM

and they probably came under the radar because they did not try to hide from the authorities at all, and it is not difficult to connect points that include only the bank and crypto exchange.

If people in Nepal want to trade crypto, then unfortunately they have to be smarter than the authorities - which means looking for ways that do not involve domestic banks and KYC on crypto exchanges.

These are all valid points, but I found a user on LocalBitcoins ^[gensays] who has not faced any issue ^{[so far]} while doing those things in the past few years ^{[a bit strange (it seems like a trap to me)]}.