Nepal detains foreigners in crypto crackdown

Nepal police have detained foreign nationals in a crackdown on unregulated cryptocurrency operations, targeting cross-border networks illegally trading and processing large transactions without licenses. Authorities are investigating local collaborators and financial flows linked to these firms, with potential charges under foreign exchange and cybercrime statutes. The operation signals Nepal's tightening oversight amid growing regional concerns over illicit crypto activity. Further updates are expected as the investigation progresses and charges are filed.