{"id":20177,"date":"2017-11-06T10:16:54","date_gmt":"2017-11-06T04:31:54","guid":{"rendered":"https:\/\/techlekh.com\/?p=20177"},"modified":"2017-11-06T17:50:56","modified_gmt":"2017-11-06T12:05:56","slug":"cib-arrest-two-person-from-bitsewa","status":"publish","type":"post","link":"https:\/\/techlekh.com\/cib-arrest-two-person-from-bitsewa\/","title":{"rendered":"CIB Nabs Two Person from Bitsewa for Running Bitcoin Business"},"content":{"rendered":"
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Few months back, Nepal Rastra Bank(NRB) declared Bitcoin illegal in Nepal, and brought a punishable law against its trade under the Nepal Rastra Bank Act. Even after several notices, many people were operating Bitcoin exchange business in the country. Slowly and eventually, NRB with aid of Central Investigation Bureau(CIB) made a major crackdown a month before by arresting seven people for running Bitcoin exchange business<\/a>.<\/p>\n Immediate after this incident, a local blockchain technology company called Bitsewa placed a notice on its Facebook page stating that it has shut down its business<\/a>. The company was operating online Bitcoin buy and sell services even after the government had declared it illegal.<\/p>\n