Tag: Ready

Asian Hydropower IPO has received Rs. 1.66 billion from 14.92 lakh applicants as of the last day.

Asian Hydropower Limited issued 697,200 units of shares worth Rs. 6.97 crores to the general public as a part of their Initial Public Offering (IPO) from 27th Magh till 3rd Falgun, 2079.

Out of the total 840,000 units; 10% i.e. 84,000 units have already been issued and allotted to Nepalese citizens working abroad, whereas 2% i.e 16,800 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 42,000 units have been set aside for the mutual funds. The remaining 6,97,200 units are for the general public. The paid-up capital of the company will reach Rs. 34 Crores after the IPO issuance. The company intends to collect Rs 6.97 crore from this IPO.

February 16, 2023
Supermai Hydropower IPO Allotment to be Concluded Tomorrow Morning

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The IPO allotment of Supermai Hydropower Limited will take place tomorrow morning, i.e. on 4th Falgun, 2079. The allotment program will be held on the premises of the issue manager Sanima Capital Limited, Naxal.

The company issued 4,15,000 units of shares of Rs 100 face value as an Initial Public Offering worth Rs 4.15 crore to the general public from the 23rd Magh till the 26th Magh. Out of the total 500,000 units; 10% i.e. 50,000 units have already been issued and allotted to Nepalese citizens working abroad, whereas 2% i.e 10,000 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 25,000 units have been set aside for the mutual funds. The remaining 4,15,000 units are for the general public

February 16, 2023
Nepal Telecom – NTC 5G Trial Commences in Nepal

Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal and Sundhara.

Spectrum

The network deployed in the Kathmandu districts of Sundhara and Babarmahal is using the 60 MHz spectrum in the 2600 MHz band given by the government. The 2600 MHz band provides a good balance of speed and coverage. According to a Nepalitelecom report, the trials are not available to the public and are conducted internally.

The initial trials, which were supposed to begin in January 2023, have already begun one month later than projected. Nepal Telecom’s July 2021 trials were canceled when a change in administration hindered the requisite spectrum allocation.

Sunil Paudel, MD of Nepal Telecom (NTC), has formally declared the launch of the long-awaited 5G experiment. However, no official launch date for 5G has been announced, however, officials have stated that it “should launch shortly.” Managing Director Sunil Paudel noted in a progress update on the company’s planned 5G rollout that Nepal Telecom (NT) has yet to evaluate the capabilities of its present mobile infrastructure to handle commercial 5G services in the future.

Non-Standalone 5G (NSA)

Nepal Telecom Corporation (NTC) will begin its 5G testing using Non-standalone (NSA) architecture and subsequently advance to Standalone architecture (SA). By changing the basic software, the NSA allows the operator to launch its 5G network on its existing 4G LTE infrastructure. The business has already developed two 5G-ready sites in Babarmahal and Sundhara. NTC is now testing available 5G devices on the network in Babarmahal and Sundhara, having installed the essential equipment at both locations.

February 11, 2023
Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today

Asian Hydropower Limited will issue 6,97,200 unit shares with a face value of Rs 100 starting today, March 27th, 2079. The company expects to earn Rs 6.97 crore from this IPO. This issue’s early closing date is Falgun 2, 2079, and if it is not fully subscribed, it can be extended until Falgun 12, 2079. Out of the total 840,000 units, 10%, or 84,000 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 16,800 units, have been set aside for the company’s employees, and 5%, or 42,000 units, have been set aside for mutual funds. The remaining 6,97,200 units will be available to the general public.

February 10, 2023
Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.

Tomorrow morning, or on Magh 27, 2079, Shuvam Power Limited’s (SHUVAM) initial public offering (IPO) will take place. On the property of the issue manager, Muktinath Capital Limited, in Naxal, the allotment program will take place.

From the 18th Magh to the 22nd Magh, the company distributed 481,882 units of shares with a face value of 100 rupees to the general public as part of an IPO. 10%, or 58,058 units, of the total 580,580 units have already been allocated to Nepalese people living and working overseas. 2%, or 11,610 units, were set aside for firm workers. 5%, or 29,030 units, of the total offered shares were reserved for mutual funds. 481,882 more units were produced for the

February 9, 2023
Shuvam Power IPO has received Rs. 1.51 Arba from 13.64 lakh applicants as of the last day.

Shuvam Power Limited (SHUVAM) offered 481,882 units of shares valued at Rs. 4.81 crores to the general public as part of their Initial Public Offering (IPO) from the 18th to the 22nd of March, 2079.

Out of the entire 580,580 units, 10%, or 58,058 units, have already been issued and assigned to Nepalese people working abroad, 2%, or 11,610 units, have been put aside for the company’s workers, and 5%, or 29,030 units, have been set aside for mutual funds. The remaining 481,882 units were made available to the general public. Following the IPO, the company’s paid-up capital will exceed Rs. 20 crores.

February 6, 2023
Is cryptocurrency legal in Nepal?

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 the world do not criminalise cryptocurrencies, they have yet to define their usage as monies or commodities, thus making varied classifications all over the world.

Nepal Rastra Bank has already made it clear in its notice dated August 13, 2017, that all transactions related to or regarding Bitcoins are illegal. But it allied Bitcoins to “Foreign Exchanges”, though cryptocurrencies have no foreign central authority to regulate them. This is where the confusion is. Bitcoin is a decentralised digital currency that is traded from one individual to the other, not through banks. It has no issuing or regulating country, and these bitcoins are converted into US dollars simply because dollars are used as an international exchange rate.

January 3, 2023
Trading And Buying Stock For Dummies

Alright, so you’ve decided you want to take a shot at buying and trading stocks. The only problem is, you really don’t know how. Where should you begin? And do you even know what a stock is and the significance of stock for companies?

This article will serve as a dummies guide for trading and buying stock.

A stock is actually partial ownership of a company. Some companies consider stocks as certificates so the more stock a person owns of the company, the larger portion of the company they own. Along with owning a bigger part of the company, they also have greater influence in running the company. This influence is referred to as equity investment.

There are other important terms you should become familiar with before getting into the stock market. Get to know about leverage, price-earnings ratio, earnings per share, margins and options before you dive in and invest your hard-earned money.

Next you need to figure out where and how to purchase those stocks. Basically, there is only one way to buy shares and stocks. Through your stock broker.

Online exchanges let investors have access to stocks from all around the globe. Without the need for a broker, investors can purchase and sell stocks online. Some banks also give you the ability to set up your own stock portfolio. You can use the money you have invested with these banks to purchase and sell stocks online right away.

Brokers render brokerage services and they are the middlemen who do the work on your behalf. Brokers give advice, research the current stock market and buy and sell stocks in accordance with the requests of their clients. From buying and selling these stocks, the brokers earn a commission.

When you decide on how you prefer to purchase and sell stocks, you need to open an account. Exchanges will allow you to monitor and control your individual stock portfolio yourself. If you decide to enter into the stock trade with a bank, discuss the specifics of setting up your own account with the bank you choose. For conducting trades through a broker, you need to find a reputable broker to deal with and then ask them to open and manage your account.

Once you set up an account successfully, start studying the stock market to plan your strategy. Do you want to be conservative when making investments? Do you like to aggressively invest? How many investing years do you have? Are you a day trader or will you be investing on a long term basis?

When you determine your personal plan, do your research on the current stocks offered in the market. If you have a broker, it becomes easier because they do much of the research for you. However, it is still best to study the market on your own.

Remember, the stock market is a volatile place so be ready for explosive activity when trading and buying stocks. Like life, there are many ups and downs before you reach your goals.

January 3, 2023
Best Way to Get Your Freelancing Income in Nepal

We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us.

Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So far, there are four alternatives available for everyone. Only Nepali freelancers should use Direct to Local Bank (NPR), according to Upwork. For each withdrawal, they levy a little fee of $0.99. However, their currency exchange rate is HORRIBLE. They offer a rate that is 3-4 rupees lower than Nepal’s daily foreign exchange rate. To evaluate which option is the best, we’ll use simple math to transfer $1000 using the exchange rate of 20/12/2019 ( NPR 1 = USD 113.89).

Direct to Local Bank (BDT)

Let’s assume that the bank’s rate is NPR 2 less than the forex rate.

$0.99 per withdrawal to Nepal.

$1000 – $0.99 = $999.01 X 111.89 = NPR 111,779.23
Normally it takes one or two days to arrive at your bank account.
So the ultimate rate for $1 is NPR 111.78

Payoneer

$2 USD per withdrawal from Upwork.

Normal Delivery:

$1000 – $2 = $998 X 113.89 = NPR 113,662.22
Normally it takes three to four days to arrive at your bank account.

Fast Delivery:

$1000 – $2 = $998 – $2.5 (Payoneer Quick Load Fee) = $995.5 X 113.89 = NPR 113,377.50
Normally it takes two to three days to arrive at your bank account.

So the ultimate rate for $1 is NPR 113.66 with normal delivery and NPR 113.38 with faster delivery.

Wire Transfer (USD)
It is not suitable for Nepal. It charges $30 for each transaction and takes a long time with various difficulties.

Direct to U.S Bank (USD)
Free payments to U.S Bank account in USD.

It is also not suitable for Nepal. Most of the Nepali freelancers don’t have U.S Bank account.

Final Consideration
By Direct to Local Bank (BDT): $1 = NPR 111.78
Via Payoneer: $1 = NPR 113.66

Conclusion
Finally, we can take a fair decision to determine that Payoneer is the best way to send freelancing income to Nepal. And hopefully, we will find the same results in other marketplaces too.

January 3, 2023
Swagbucks | Legimitate way to work online in Nepal
Swagbucks is one of the world’s largest microtasking/get paid to websites. It is regarded as one of the most reliable ways to supplement one’s income online.

By doing easy tasks, you can earn “Swagbucks” (credits worth around $.01 each). These credits quickly mount up, and a single survey can pay out anywhere from 75 to 300 credits or “bucks.” Now, if you do the arithmetic, that’s between $.75 and $3.00 for 15-20 minutes of effort. Yes, they build up quickly, but they aren’t as lucrative as other online hobbies.

Once you’ve accumulated a specific number of Swagbucks, you can exchange them for gift cards or virtual credits from your favorite stores. Amazon, Starbucks, and Walmart are just a few of the well-known stores. Swagbucks can be really handy if you’re already planning to shop there.

Swagbucks isn’t only about surveys, which was a game-changer for me. You can also earn credits by watching and rating videos, visiting websites and writing product reviews, and playing simple and enjoyable games. Installing and using their search bar in your browser is the simplest way to earn.

You can earn credits by “clicking through” their search feature to visit sites like threadUP, travel sites, and more from the search box. This was the most important lesson for me: the returns on their site are really good, and even if you don’t do anything else on their site, the search option is worth it. Simply by doing what I was going to do anyway, I can earn a variety of Amazon credits and gift cards.

Swagbucks can be used by any Nepali to gain money. No one can steal a few dollars from you if you have a few minutes and an internet connection. Sign up for Swagbucks using the link below and earn money by accomplishing basic tasks such as:
- Daily polls
- Doing various simple tasks
- Submitting poll idea
- Paying Games
- Installing Apps
- Surfing Internet
- Watching Videos
Some of the tasks are quite simple and can be completed in your daily life without costing you any money. And I’ve made some money utilizing this site in my spare time. You can also get paid in a variety of ways, and you can get it right away.

You can enroll under us using the following url and get a head start by earning some bonus points:

Sign Up Now!
January 3, 2023
Earn Money Online in Nepal | Quick & Easy Ways
Looking to earn money online in Nepal and don’t know where to start. Then you came to the right place as we will tell you how to earn money online in Nepal without any investment.

Who doesn’t want to make money online without having to put any money down? Everyone wants to make money, and everyone need cash. First and first, I’d like to state unequivocally that there is no easy or quick way to make $1,000 in a single day. I’m not saying it’s impossible to make a thousand dollars, but there’s no such thing as an easy way.

For the past few years, there have been various scam websites and news reports claiming that you can easily make money online, and I would like to inform you that all of them are false, and you should not fall for such nonsense.

Can we Earn Money Online in Nepal?

Yes, you certainly can. However, you must be dedicated and focused on specific aspects and refrain from falling for the phony scams and promises.

Isn’t it true that making money online has long been a hot topic in Nepal? When people in Nepal are asked how to make money online, they frequently respond with Data Entry or Captcha Writing. It’s not just restricted to these things; there are hundreds of other ways to make money.

If you’re looking for a way to make money online in Nepal without doing data entry or something similar, here is the place to be. Data entry is one way to generate money online, but there are a variety of other ways to make money online in Nepal. Instead of data input, you can make more using these approaches.

What are the challenges and problems that make earning money online is difficult?

As we work online, the payment is also done online and the payment method is one of the most challenging aspects as PayPal is one of the most used payment methods and Nepal doesn’t support this payment method. Other than that there are no challenges that will stop you from earning money online.

How to solve the problem related to this?

There is always a solution to a problem, and this one is no different. You might ask family or friends who live in a country that accepts PayPal payments to collect your money and transfer it to your account.

Another option is to use Payoneer, which only charges a few percent of the amount when withdrawing from local banks.

What are the different ways to earn money online in Nepal?

I’ll show you 7 easy ways to make money online in just a few minutes. However, you must concentrate on these factors because making money online might be difficult. It’s possible that you won’t make $10 in the beginning. To make money online, you must have patience because it requires a lot of devotion and effort. You can make more than 1000$ every month once you have that. In today’s Nepal, many people are making a solid living by using YouTube and Google AdSense to make money. In this article, I will discuss seven alternative ways to make money online in Nepal.

How to Earn Money Online in Nepal?
1. Facebook Marketing
2. YouTube
3. Blogging
4. Google AdSense
5. Affiliate Marketing
6. Freelancing
7. Sponsored Ads and Reviews
Facebook Marketing

I’d want to inform you ahead of time that Facebook does not pay businesses or people. So, how are we expected to make money off of Facebook? There are a variety of ways to profit from Facebook. Being an Influencer is one of the finest ways to make money on Facebook. An influencer is someone who has a larger-than-average impact on their following. You can be an influencer if you have a large number of followers on social media and can persuade them to do something. This is a great way to get money. There are a variety of brands on the market that wish to use social media to promote their products and services. There is a place where you can approach them and engage with the brands, as well as promote their brands on your profile, pages, and even groups for a fee.

YouTube

After Google, YouTube is the world’s second most popular search engine and the most popular video search engine. This provides you with a huge audience. Many people have recently begun to monetize Google and, as a result, have made a significant amount of money.

You might be wondering how we get money from YouTube. Many vloggers, singers, TV networks, YouTubers, Dancers, and others have made a lot of money using YouTube in recent years.

What would you need?

To begin, you must first create a YouTube channel. To apply for Monetization on YouTube, you must have 1000 subscribers and 4000 hours of playtime in the previous 12 months, and you must update your material and videos on a regular basis. It’s challenging at the beginning, but after you’ve mastered it, you can quickly make money with YouTube.

To reach the 1K subscriber mark and 4000 hours of playtime, you must be incredibly creative and conduct extensive research on what people like to watch and how you can provide it to them. Creating new material and getting people to view it is a difficult task. However, once you have the necessary information and understanding, you can simply accomplish this.

How can you earn through YouTube?

You can sign up for AdSense and link it your YouTube account. Once your AdSense account gets verified, the ads will be displayed in your videos. You will be paid if someone clicks the ads in your videos or per 1000 impressions.

Blogging

When it comes to making money online, blogging is undoubtedly one of the most effective strategies. Blogging is a way to earn money without having to work. Then there’s blogging, where there’s no way of knowing how much money you’ll make. It is entirely dependent on how much time you devote to your site. You can make a thousand dollars in a month or simply ten dollars. As a result, it is entirely dependent on your work, as well as how you do research and incorporate those findings in your blog. If blogging is your hobby and you enjoy it, there is no limit to how much money you can make.

How to start a blog?

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First and foremost, you will require a blog; if you do not already have one, you may create one using several free platforms such as WordPress or BlogSpot, which will provide a blog under a subdomain under their main domain. I recommend that you utilize WordPress to start your own blog. Before you start a blog, you should conduct a lot of research to figure out what niche you want to focus on. To begin, conduct research and then apply what you’ve learned to your blog.

When you first start blogging, you may not be able to make any money because there are many things to learn before earning money through a blog. Continue to update your blog on a regular basis, and after 5 to 6 months, you will begin to earn money from it.

What are different ways to make money with blogging?
- Advertisement
- Affiliate Marketing
- Google AdSense
- Selling Products Online
- Paid Guest Post Service
- Different Ad Networks like Content.ad, info links, Taboola etc.
Google AdSense

In Nepal, Google AdSense is one of the most popular ways to make money online. All you need is a website or a YouTube channel to start monetizing your website or YouTube channel by placing Google advertisements on your website. When someone visits your website or subscribes to your YouTube channel, you will be rewarded.

Oh, you may be wondering on how to apply for Google AdSense with a website?

It’s very easy to apply for AdSense, all you need is to follow these steps:
- Sign in to AdSense
- Fill Up the Form and Continue
- AdSense will provide a code, copy that code and paste it into your head section. i.e. <head> CODE </head>
- Wait for the verification for google, and if the code is verified then you will see the Ads being displayed in your account.
Note: There are certain Terms and Condition that needs to be followed to get approved by google AdSense.

How can you withdraw your earning?
- Western Union
- Bank Transfer
- Check Method
Affiliate Marketing

One of the most effective ways to make money online is through affiliate marketing. People are making a lot of money with affiliate marketing these days, with some earning over $2,000 each month. So, if they can do it, you can certainly do it. All you need is commitment and desire, and after a few months, you’ll be making $1,000 each month.

You may be wondering, what is Affiliate Marketing?

In simple terms, you get a commission each time if someone purchases certain products with your reference. For example, someone buys a smartphone from amazon where the customer was redirected to amazon through your link.

How can you start Affiliate Marketing?

First and foremost, you must determine which affiliate product best meets your needs or that you wish to market. There are hundreds of things to choose from; all you have to do is decide which one you want to sell.

Physical and digital products are the two sorts of products you can promote. Guides, books, software, video courses, and other digital products provide a high commission range of 50 percent to 75 percent.

Following that, you’ll need a website or a blog. If you already have a blog, that’s excellent; otherwise, you’ll need to make one where you’ll affiliate the products. Include your affiliate links on your website and market it. As your users, they are one of the most crucial components in developing a good audience. Share your content on social media and in other forums to reach the correct audience.

After a few months, you should be able to make a respectable living through affiliate marketing.

THE FACT IS THAT AFFILIATE MARKETING IS NOT EASY MONEY! DO NOT CONSIDER AFFILIATE MARKETING UNLESS YOU ARE WILLING TO WORK HARD AND SPEND TIME (AT LEAST A YEAR OR MORE). LEAVE. IMMEDIATELY.

Freelancing

If you have certain skill sets that can assist others expand their business, freelancing provides a fantastic atmosphere to work from home and market your service. Freelancing has become increasingly popular in Nepal in recent years because it does not require any type of investment or compulsion to work a 9 to 5 job. When you freelancing, you are your own boss because you work on your own schedule.

Some of the most used skills in freelancing:
- Web Development
- App Development
- Web Designing / UI-UX Designing
- SEO (Search Engine Optimization)
- Content Writing
- Photography
- Logo Designer / Photo Editor
- Data Entry
- Video Editor
The above-mentioned skills are most-used skills in freelancing and most paid also. If you have these certain skills then you can earn a good amount of money through freelancing.

Some of the top-rated freelancing sites where you can earn good money are:
- Fiver
- Freelancer
- Up Work
- Peopleperhour
- SeoClerk( Especially for SEO and Digital Marketing )
Sponsored Ads and Reviews

Sponsored Ads is another technique to make money online in Nepal if you have a blog with a fair quantity of traffic and readers. Various brands are attempting to advertise their products or services, and you can connect with them and run sponsored adverts on your site to promote their offerings.

You could also opt for Sponsored Reviews. You can do sponsored evaluations of various underappreciated products if you have a tech-related website or something similar. All you have to do is write product reviews and you will get compensated. Some businesses seek to earn their consumers’ trust, and your evaluations can assist them. It is without a doubt the simplest way to make money online in Nepal.

Many people in Nepal are suffering and having problems with the online payment system since their PayPal accounts are not valid in Nepal. Though there are a few other ways to obtain the funds you have earned. And for a PayPal account, there are three EASY AND LEGAL WAYS to do so in Nepal.

Final Words

Making money online isn’t easy, but it’s also not impossible. All you need is a little amount of hard effort and determination. Don’t ask someone how to make money online in Nepal anymore; you can do it yourself without the fakes and scammers.

Don’t get carried away with the hundreds of ways to make money online. Simply choose a handful that are appropriate for you and focus your efforts on those few methods. You will be making a good quantity of money after a few months. Simply keep yourself motivated by setting a goal and never stopping until you reach it. If you achieve one objective, create a new goal that is a bit more difficult, and keep going until you reach all of your goals.
January 3, 2023
The Cryptocurrency debate: Is legitimacy necessary?

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 Internet recently, there has been a lot of discussion and information concerning cryptocurrencies. However, in Nepal, a correct understanding of this has yet to be created. Many people have heard of Bitcoin and have a basic knowledge of it. People, on the other hand, seemed to comprehend that ‘cryptocurrency’ means ‘bitcoin,’ and that ‘bitcoin,’ in turn, means ‘cryptocurrency.’ Not only the general people, but also the Nepal Rastra Bank, appears to believe this.

On the 13th of August 2017, the NRB issued a statement claiming that ‘Bitcoin transactions are unlawful in Nepal.’ This, however, has no bearing on other cryptocurrency coins.

Cryptocurrency and Bitcoin

According to CoinMarketCap, there are already over 10,000 cryptocurrencies in circulation around the world. Bitcoin, the first cryptocurrency, is the most valued and widely used. A Japanese programmer invented Bitcoin in 2009.

Thousands of cryptocurrencies, such as Bitcoin, are now available around the world. Ethereum, Polkadot, Ripple, and Dogecoin are examples of cryptocurrencies. In Nepal, however, the belief that Bitcoin is the only cryptocurrency is widespread.

Is it due to a lack of awareness or carelessness?

All economic transactions in Nepal are regulated by the Nepal Rastra Bank. The bank’s policy capacity is called into doubt by its statement on Bitcoin, which is also the guardian of banks, financial institutions, and digital service providers in the country.

Foreign exchange transactions can only be carried out with a license from the Rastra Bank, according to Nepalese legislation. Money must be remitted abroad to trade and invest in bitcoin. The NRB’s declaration on Bitcoin, which came after it was proclaimed that moving money overseas without permission is prohibited, appears to have caused even greater confusion among the people. Is it allowed to invest in other coins? This is an intriguing question that occurs.

Investing possibilities

The worldwide media has recently reported on persons who have made millions of dollars by investing in cryptocurrency.

Two weeks ago, it was reported that a high-ranking Gold Sachs employee had resigned after earning tens of millions of dollars using DogeCoin. Similarly, word circulated quickly that a 25-year-old American had become a millionaire at such a young age by investing in Bitcoin. While its investment and business are growing in Europe and the United States, as well as in India, it is outlawed in Nepal.

At first look, Bitcoin does not appear to be a viable investment option in Nepal, where it is prohibited to transmit money overseas without the approval of the central bank. However, based on posts and statuses on social media and in groups, it appears that a significant quantity of money is being traded surreptitiously from Nepal.

Nepalis are investing in several ways, such as through the creation of websites, peer-to-peer transactions, or through friends and relatives residing abroad. People that invest in cryptocurrencies join groups on social media sites such as Facebook, WhatsApp, and Viber to trade it. Transactions, on the other hand, are not readily apparent because it is against the law.

Limitation of the declaration of illegality to paper

Many business operations that have been declared illegal by Nepalese law have not been stopped by the government. It doesn’t matter if it’s betting, Hundi, or e-commerce.

The indifference of stakeholders, despite the fact that the government’s policies and judgments are limited to paper, and the knowledge that comes out in pieces about these transactions that are done invisibly, is astounding.

Khalti, a digital service provider, alerted the Rastra Bank in April, requesting an investigation into the transaction statements of roughly a thousand users on suspicion of betting. However, the NRB has yet to take any action or make any statements in this regard.

Similarly, despite the fact that the Hundi business of transporting money from Nepal to foreign countries is unlawful, it appears that no action has been taken. Similarly, the Nepal Rastra Bank and the government appear to be on the same page when it comes to Bitcoin.

Is it important to have legitimacy?

This can be viewed from two angles. The world’s most powerful economies have endorsed cryptocurrencies, proclaiming it to be the currency of the future. Cryptocurrencies are being used to pay for restaurant bills, Netflix subscriptions, Tesla cars, and even sports tickets in some regions.

Its instantaneous legitimacy is unthinkable in Nepal, where moving money overseas is a crime. However, if Nepalese policymakers can interpret cryptocurrencies and Bitcoin differently in the near future, it may obtain legitimacy.

Trading in cryptocurrencies, which resembles stock market transactions, is less expensive than trading in fiat money (rupee, dollar, euro, pound, etc.) since cryptocurrency transfers do not require the use of a third party (bank). Without the need of a third party, money can be sent from anywhere in Nepal to anywhere in the world.

Cryptocurrency transactions are made feasible via blockchain technology. As a result, there is no need for a third party to complete the transaction. As a result, transactions are simple, secure, and rapid.

How do the transactions take place?

By opening a TMS account, you can purchase and sell cryptocurrency in the same manner you can buy and sell stocks (on the stock market). Buying and selling takes place on a variety of platforms. It can be traded on sites such as Binance, Crypto.com, Robinhood, Etoro, and Coinbase, for example.

To store this, you’ll need a crypto wallet. The use of blockchain technology is thought to be safe and dependable. To put it another way, transactions on the platforms can be compared to money kept in eSewa, and using a crypto wallet to make bank account deposits.

January 3, 2023