Nepalese internet and email providers have been put on notice by the country’s telco regulator to block crypto-related websites or face legal action. Nepal’s telecommunications regulator has ordered the country’s internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply. In a Jan. 8 notice, the…
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A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National…
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Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal…
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