Whereas bitcoin exchanges and information are prized on other parts of the globe, in Nepal dealing in the world's most popular cryptocurrency will get businesspeople arrested. After throwing nearly a dozen bitcoiners in jail not long ago, the government is at it again, arresting two others, pushing bitcoin further underground.
Nepal Names Names
In other parts of the world, where innovation is relatively freer and allowed to blossom, names like Ram Dhakal and Purusottam Dhar Tuladhar might be well-known convention circuit stars – gazillionaires much sought-after for their business drive. In Kathmandu and Pokhara, Nepal, those names are splattered online and in print as bitcoin criminals.
"The Central Investigation Bureau [(CIB)] of Nepal Police has arrested two persons for allegedly operating a bitcoin racket," The Himalayan Times reports, "under the cloak of online technology business."
"SP Jeevan Shrestha, CIB spokesperson, said [the two] were allegedly running [a] cryptocurrency racket under the name of Bitsewa Pvt Ltd," the article notes. The presumed website, www.bitsewa.com, was down as of this writing. However, its Facebook page remains online, https://www.facebook.com/BitsewaOfficial, and nothing news.Bitcoin.com could find seemed nefarious or criminal.
The Nepalese authorities assert, "They registered a company in the name of Bitsewa Pvt Ltd on the pretext of running business of online technology, information dissemination and software development. They had also opened www.bitsewa.com calling it 'Bitsewa: Nepal's First Bitcoin Company and Digital Assets Exchange'."
Bitcoin is an online technology, disseminated through information and software development.