• February 28, 2024

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Nepal Forces Internet Service Providers to Block Cryptocurrency Sites

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The Communications Authority of Nepal, which regulates the work of providers in the country, has said that websites that promote investments in digital currencies should be blocked.

In addition, the agency has reminded that any transactions with virtual currencies are prohibited.

The Central Bank of Nepal has also opposed the legalization of cryptos. In parallel, in September 2021, the regulator announced a ban on cryptocurrency mining.

The Communications Authority also believes the ban on cryptocurrencies should be maintained.

The agency has urged the public to inform it about the emergence of sites on the Internet that inform readers about the blockchain industry or promote investment in digital assets.