Doctor arrested with US dollars

A doctor in Chitwan, Nepal, has been arrested for allegedly engaging in illegal cryptocurrency trading and digital fraud. Police apprehended 29-year-old Dr. Pappu Kumar Yadav on June 2, seizing $30,000 and 17 mobile phones from his rented accommodation in Bharatpur Metropolitan City.

According to the District Police Office Chitwan, Dr. Yadav, a permanent resident of Dhanusha district, is accused of operating an illegal cryptocurrency network. Investigations suggest he was involved in the illicit accumulation and trading of virtual currency using applications that are reportedly banned in the country, such as Binance and Bybit.

Authorities are currently investigating the extent of Dr. Yadav's alleged fraudulent activities and the scope of his cryptocurrency network. The seizure of multiple mobile phones indicates a potentially complex operation involving digital transactions and communication.

The arrest highlights ongoing concerns regarding the regulation and control of virtual currency trading within Nepal, particularly in relation to illegal accumulation, fraud, and the use of prohibited platforms.