Cryptocurrency in Nepal

Please note that Cryptocurrency transaction and mining is illegal in Nepal as per the notice issued by Nepal Rastra bank. This article is only for information purposes. Money has evolved and changed shape over time. Today, digital currencies are best...

Cryptocurrency, or "decentralized electronic currency," is gaining popularity around the world these days. Last January, Nepal's neighbor India published a "National Strategy on Blockchain" to regulate the technology. However, such currencies and transactions are absolutely prohibited in Nepal. On the...

Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal.   The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not...

So far, cryptocurrencies are illegal in a few countries, whereas the rest of the world either sees it as fitting to utilise these ‘monies’, or keeps them in a grey area of financial law. Similarly, though most countries in...

Bitcoin prices have plummeted in recent months, losing more than half their value since mid-April and falling to just under $30,000 this morning. According to CoinDesk numbers, the world's most common digital currency reached $30,201.96 today. According to additional CoinDesk data,...

Since Tuesday morning, the cryptocurrency market, which had been dropping for more than two weeks, has started rising. As a result, the values of the market's leading cryptocurrencies have surged dramatically in the last 24 hours. According to Crypto.com, the...