The Nepalese Police have arrested at least seven individuals for allegedly being involved in Bitcoin (Bitcoin) and other virtual currency trading activities in the country as of early October 2017, The Cointelegraph reports.
The suspected traders were arrested by members of the Central Investigation Bureau (CIB) in Kathmandu and Chitwan.
“They have been kept at the police custody. The traded amount will be discovered after further investigation,” CIB’s DSP Jeevan Kumar Shrestha.
This is the first time that cryptocurrency exchange operators have been arrested in the country.
Although the Nepalese government is already drafting regulatory guidelines covering digital currency trading, the arrests were made in the absence of regulations.
Due to the situation, it is still unclear what charges will be filed against the arrested individuals.