Is cryptocurrency legal in Nepal? | What are the consequences of engaging in cryptocurrency transactions in Nepal? and can result in severe penalties. The Nepal Rastra Bank has confirmed that any form of virtual currency is unlawful, and violators will face appropriate penalties. Engaging in cryptocurrency transactions in Nepal are illegal
Could you please elaborate on the legality of cryptocurrency in Nepal? I'm curious about the specific consequences individuals might face if they participate in cryptocurrency transactions within the country. Has the Nepal Rastra Bank provided any further clarification on the nature of these penalties, and what sorts of activities are considered illegal? Thank you for your assistance in clarifying this matter.