Kathmandu. Cryptocurrency traders worth more than Rs 2 billion have been arrested. A team of the Kathmandu Valley Crime Investigation Office today arrested Sunil Kumar Yadav of Dhanusha on the charge of transacting worth Rs 2.16 billion.

During the preliminary investigation, it has been found that he has been involved in crypto transactions worth USD 269,81,388. Yadav was arrested in coordination with the District Police Office, Dhanusha, according to Superintendent of Police Rameshwor Karki of the Kathmandu Valley Crime Investigation Office.

He has been remanded in custody under Section 125 (no gambling or betting) and Section 262 (a) (not to use non-physical currency) of Chapter 5 of the Criminal Code, 2074 BS, police said.