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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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January 24: Nepal Rastra Bank (NRB) has warned of action against those involved in the business of virtual currency/cryptocurrency and networking.
Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. "Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.
The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws.
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include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 24: Nepal Rastra Bank (NRB) has warned of action against those involved in the business of virtual currency/cryptocurrency and networking.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Sunday, the central bank said anyone found involved in the business of cryptocurrency such as Hyper Fund and pyramid-based networking like Jocial, Crowd1, Solemax and Global would be punished. </span><br />
<span style="font-family:"Arial Unicode MS","sans-serif"">"Virtual currency is not given legal recognition in Nepal. So, the people can be defrauded by such virtual currency and networking. It also leads to illegal capital outflow," the NRB said.</span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank added that any foreigner or Nepali national found involved in this illegal act within the country or abroad as well as Nepali citizens residing in foreign countries would be punished as per the existing laws. </span></span></span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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