Nepal regulator warns of illegality of cryptocurrency activities – Bits Media

Nepal's technology regulator has warned the public, that any activity is prohibited in the country, related to cryptocurrencies.

Nepal Telecommunication Authority (NTA) warned the public, what is this activity, as participation in online gambling and trading in digital currencies, is illegal in the country. The Office noted, that the number of uses of cryptocurrencies has increased significantly this year, and emphasized, what to visit sites, related to cryptocurrencies, prohibited in the country.

According to the announcement, if the controls detect, that anyone is engaged in such activities, then measures will be taken in accordance with the laws of the country. In March this year, the NTA sent a request to Internet service providers to close all sites and applications for trading digital assets. They are now disabled and blacklisted.

NTA Deputy Director Surya Prasad Lamichhane (Surya Prasad Lamichhane) stated, that the growing popularity of cryptocurrencies in the country has also led to an increase in economic crime. After several investigations, The Nepalese government has sent a request to the NTA to close all websites and applications., related to cryptocurrencies.

Besides, Central Bureau of Investigation (CIB) Nepal Police arrested and tried several people, engaged in cryptocurrency business. Recall, that the Central Bank of Nepal issued a directive early this year, according to which residents of the country are prohibited from buying and investing in digital currencies. The bank cited fraud and illegal outflow of internal capital as the reasons..

Recall, that in March this year, the CIB began an investigation against actress Priyanka Karki (Priyanka Karki) due to suspicions of her involvement in cryptocurrency advertising.