By A Staff Reporter
Kathmandu, Feb. 15: The Central Investigation Bureau (CIB) of Nepal Police has urged the public not to get involved in crypto and virtual networking transaction anymore.
The bureau has issued a public notice on Sunday requesting that hyperfunds, an illegal digital networking business, virtual and cryptocurrency businesses not be involved in the act. The CIB has also requested the public to share information on such illegal business if noticed in any places of the country to the police nearby.

Recalling that such transactions are illegal in Nepal and the Nepal Rastra Bank has repeatedly warned about it, the bureau has warned to take strict action against those involved in such illegal activities.
"We urge you not to engage in hyperfunds, digital networking, virtual and cryptocurrency transactions, and to take legal action if found involved in illegal activities," Superintendent of Police (SP) and spokesperson for the CIB Shyam Kumar Mahato, said.
As per the exiting legal provision, if found involved in hyperfunding, digital networking, virtual and cryptocurrency transactions, the offender will be fined up to three times higher than the actual monetary harm done to an individual, and up to three years in prison or both, and if in case of being unable to claim or retrieve the total monetary loss by the authorities, such person will be fined up to Rs. 1 million and three years in prison or both, the bureau said.