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19 September 2021

Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns – Regulation Bitcoin News

Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns – Regulation Bitcoin News


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Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns – Regulation Bitcoin News.

Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation.

Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal.

Answering the question “Is it possible to trade cryptocurrencies including Bitcoin in Nepal?” in its website’s FAQ section, the central banking institution says: “Cryptocurrencies including Bitcoin cannot be traded in Nepal.

With cryptocurrencies being banned in Nepal also under the NRB Act, there have been reports in the past of the government in Kathmandu cracking down on related activities and even arresting people involved in mining and trading.

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