Cryptocurrency Q&A
Is cryptocurrency legal in Nepal?
Is cryptocurrency legal in Nepal?
Sara
Tue Jun 11 2024
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7 answers
1540
Could you please clarify the legality of cryptocurrency in Nepal for me? I've been hearing conflicting information about whether it's permitted or prohibited in the country. Some sources suggest that there's no explicit ban, while others mention that certain transactions might be restricted. I'm interested in investing in cryptocurrency but want to ensure I'm operating within the legal framework. Could you provide any insights or point me to reliable resources that address this question? Thank you for your assistance.
7 answers
Daniele
Thu Jun 13 2024
Cryptocurrency transactions in Nepal carry serious consequences, primarily due to the country's strict regulatory stance on virtual currencies.
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DondaejiDelightfulCharm
Wed Jun 12 2024
Despite the ban, some individuals may still attempt to engage in cryptocurrency transactions clandestinely. However, such actions are highly risky and can lead to significant legal troubles.
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CryptoMystic
Wed Jun 12 2024
The Nepal Rastra Bank, the nation's central bank, has explicitly stated that any form of virtual currency is considered unlawful.
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KimonoElegantGlitter
Wed Jun 12 2024
This prohibition extends to all aspects of cryptocurrency trading, including buying, selling, and holding digital assets.
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KpopStarletShineBrightness
Wed Jun 12 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that Nepali investors cannot legally access due to the country's regulatory restrictions.
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