Nepal Rastra Bank Gave Clean Chit To E-sewa After Investigations

Share It On:

Nepal Rastra Bank gave a clean chit to e-sewa after investigations carried by the bank found that transactions via esewa wallet did not involve any Bitcoin operations. NRB had carried investigations on the suspicion that esewa were used as a medium of payment for Bitcoin tradings. After inquiries carried out by Site Surveillance Team sent by Nepal Rastra Bank found out that esewa did not have any connections or whatsoever with Bitcoin tradings, esewa was finally given a clean chit.

Deputy Governor Chintamani Shivakototi told, “Our team sent to the site for inspection reported that esewa have not been involved in any kind of activities or payment regardingBitcoin transactions.”

He further added, “We are planning to resolve this issue soon after we sit for a meeting.” Nepal Rastra Bank had earlier banned Bitcoin exchange and trading from Anti Money Laundering perspective. While Bitcoin as a virtual currency has been challenging the world’s economy, the National Bank of Nepal had dimmed any operations involving Bitcoin or any other cryptocurrency illegal from last Bhadra this year.

In addition, NRB also carried out investigations even on esewa partner banks as there are a significant number of banks associated with it. Furthermore, the Central InvestigationBureau is conducting investigations on a few people who were arrested after they were found engaging in Bitcoins operations.


Share It On:

Recent Posts

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future Plans

Liberty Energy Rights Shares Offering: Eligibility, Application Process, and Future

Share It On:22nd November 2024, Kathmandu Liberty Energy Company Limited is gearing up to issue rights shares starting December 1,

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Asha Laghubitta’s 8th AGM 2024: Key Decisions and Future Plans

Share It On:22nd November 2024, Kathmandu Asha Laghubitta Bittiya Sanstha is holding its 8th Annual General Meeting (AGM) today, November

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and Reproductive Health Policies

6th Asian Population Conference 2024 in Nepal: Advancing Sexual and

Share It On: 21st November, Kathmandu Nepal is set to host the 6th Asian Population Conference from November 27 to

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Share It On:21st November, Kathmandu Kumari Bank Limited has officially declared its intention to sell a substantial number of promoter

Up to NPR 150 Cashback on Nepal Telecom and Ncell Services with Namaste Pay

Up to NPR 150 Cashback on Nepal Telecom and Ncell

Share It On:21st November, Kathmandu Namaste Pay has unveiled an exciting new campaign to reward its users with cashback on

Ncell introduces innovative feature, enabling customers to convert voice to data or data to voice services

Ncell introduces innovative feature, enabling customers to convert voice to

Share It On:21st November, Kathmandu Ncell customers can enjoy an innovative feature that allows them to convert or exchange remaining