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The country has declared transactions using digital technology illegal because these are not recognized as monetary instruments.
The post Nepal Tells Internet Providers: Block Crypto-Related Websites, Apps appeared first on BitPinas.
There has been a directive from Nepal’s telecoms authority for all ISPs in the nation to ban access to any
Nepalese internet and email providers were put on notice by the country’s telco regulator to block crypto-related websites or face legal action.
The crypto industry in Nepal is about to witness further setbacks as the government has started to ban trading mediums for digital assets. (Read More)
The Financial Intelligence Unit of Nepal has identified growing crypto-related fraud despite a trading ban and proposed transaction monitoring, awareness campaigns and stricter regulations.
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