Nepal's Financial Intelligence Unit (FIU) has released a striking report revealing the widespread use of cryptocurrencies in online fraud! Despite Nepal's official ban on digital asset trading, criminals still use cryptocurrencies for money laundering, making it difficult to track funds. 😱

The report states that Nepalese citizens are becoming the main targets of cryptocurrency scams, with scammers attracting victims through social media and online ads, promising unrealistically high returns. To address this challenge, the FIU recommends strengthening the review of crypto transactions and training financial institutions to identify and report potential risks. 🔍

Globally, the future of Bitcoin remains promising, but the situation in Nepal reminds us that regulation and safety measures are crucial! 🌍