Kathmandu. The police have arrested a young man for allegedly dealing in illegal cryptocurrency worth more than two billion rupees. The arrested person is 28-year-old Sunil Kumar Yadav of Sabala Municipality-12 of Dhanusha.
According to the Kathmandu Valley Crime Investigation Office, Teku, the investigation has been initiated based on the information that Yadav was conducting large-scale cryptocurrency transactions through the Binance app as well as conducting online betting.
According to the police, during micro-surveillance and technical analysis, transactions worth 269 million 91 thousand 388 US dollars were made through Yadav’s Binance ID. This amount is equivalent to Nepali two billion 16 million one hundred thousand 20 thousand 821 rupees.
Yadav, who was arrested in coordination with District Police Office Dhanusha, has been brought to Kathmandu for further investigation and action. Kathmandu District Court has extended the deadline and said that further investigation is being done on the incident.