Why Bitcoin and Other Cryptocurrencies Are Illegal in Nepal
Cryptocurrency has been a global financial trend, but in Nepal, all forms of crypto transactions and mining are strictly prohibited. This ban is rooted in the Foreign Exchange (Regulation) Act of 2019, which governs all currency-related activities in the country, including foreign exchange, remittances, and now, virtual currencies. The Nepal Rastra Bank (NRB), Nepal’s central … Read more