'Cryptocurrencies including bitcoin cannot be traded in Nepal. Doing so is illegal,' said the central bank of Nepal. crypto cryptocurrency
The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed within the country.Nepal’s regulator of the technology sector, the Nepal Telecommunications Authority , issued a notice Monday warning the public about engaging in illegal activities, specifically naming cryptocurrency, bitcoin, and online gambling.
The regulator proceeded to warn the public that activities involving cryptocurrencies, including bitcoin, are “illegal and criminal,” elaborating: In March, at the request of the country’s Ministry of Communications and Information Technology, the NTA directed internet service providers to shut down all crypto trading websites and apps. They are now disabled and blacklisted, the regulator stressed.
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