Nepal Begins Crypto Crackdown Starting With Trading Platforms
- Nepal has started its crackdown on cryptocurrency trading.
- Regulators ordered internet providers to shut down websites and apps that dabble in crypto trading.
- On the other hand, countries like the US, Bahrain, and UAE revealed a more crypto-friendly approach.
In a move contrary to other countries, Nepal has recently started its crackdown on cryptocurrency.
According to local news website Nepal Press, the government has already started shutting down websites and mobile applications related to cryptocurrency trading. In detail, the Nepal Telecommunications Authority (NTA) has ordered internet service providers in the country to ban these platforms.
As for the decision for the crypto ban, Nepal tagged crypto trading as one of the reasons for the rise of economic-related crimes. This was what the country’s Ministry of Communications and Information Technology sent to the NTA earlier.
Read more: https://coinquora.com/nepal-begins-crypto-crackdown-starting-with-trading-platforms/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
