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Man Arrested in Kathmandu for Alleged Illegal Cryptocurrency Trading; Over NPR 190 Million in Digital Transactions Uncovered
Man Arrested in Kathmandu for Alleged Illegal Cryptocurrency Trading; Over NPR 190 Million in Digital Transactions Uncovered A man has been arrested in Kathmandu for allegedly conducting illegal cryptocurrency transactions, according to Nepal Police. Mohammad Saif, a resident of Kalaiya Municipality in Bara district and currently living in Dallu, Kathmandu Metropolitan City–15, was taken into custody following a special tip-off. Kathmandu District Police Range spokesperson Pawan Kumar Bhattarai confirmed that Saif had been operating crypto-related activities from his residence in the capital. Police seized two mobile phones used for conducting transactions through various digital platforms. Preliminary investigations revealed that Saif had carried out more than NPR 198.1 million (over 19 crore 81 lakh) worth of cryptocurrency transactions using those devices. Authorities believe he had been actively involved in large-scale virtual currency trading despite Nepal’s legal restrictions.
NEPSE TRADING
·28 Nov, 2025


















