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    Tech and AutoFintechCryptocurrency trading and mining declared illegal by Nepal Rastra Bank

    Cryptocurrency trading and mining declared illegal by Nepal Rastra Bank

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    According to the Nepal Rastra Bank, cryptocurrency trade and mining are prohibited in the country and are therefore penalised (NRB).

    According to the Foreign Exchange (Regulation) Act, 2019, any type of cryptocurrency trading or mining is prohibited in the country. “Trading and mining in cryptocurrencies, as well as supporting illicit acts, are all prohibited under current legislation.

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    Likewise, individuals who swindle people through these illicit operations would be subject to legal consequences “In a notification published on Thursday, the central bank stated

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