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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p>
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
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Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
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August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.
This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.
NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.
The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability.
Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</span></span></span></p>
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </span></span></span></p>
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'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '15797',
'hit' => '968'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
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
View::element() - CORE/Cake/View/View.php, line 418
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
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
