KATHMANDU, June 15: A person has been found involved in indulging in illegal transactions worth Rs 640 million through '1xbet', used for online betting in different types of games and online activities.

Lagging in digitalization

March 12, 2020 09:11 am

Few weeks back, Nepal Rastra Bank (NRB) announced that it will take serious action against those who receive or make international payments through social media platforms. Considering these transactions to be illegal, NRB has said that any such activities would be treated as foreign currency embezzlement for which the action would be taken under the Foreign Exchange Act (2019).