The Financial Intelligence Unit (FIU) of Nepal Rastra Bank has found that cryptocurrencies are widely used in cyber fraud despite the official ban. The FIU's "Strategic Analysis Report" notes that fraudsters are converting illicit funds into cryptocurrencies, making it difficult for authorities to track and recover. The legal status of cryptocurrencies hinders fraud reporting and discourages victims from contacting authorities. The FIU recommends that crypto transactions be more tightly regulated and public awareness should be raised. Share your views in the comments.