KATHMANDU, April 26: The Nepal Telecommunications Authority (NTA), the regulatory body for the telecommunications and technology sector, has started taking action to control illegal online economic activities. The NTA has shut down websites and apps including online virtual currency (cryptocurrency), Bitcoin, hyper networking and online gambling.
Nepal Rastra Bank recently released a directive banning any investment in or transactions of cryptocurrency to curtail fraud and illegal outflow of domestic capital. This is a regressive move on the central bank’s part because banning cryptocurrency is like choosing to opt out of something that will inevitably become part of our daily lives.
KATHMANDU, Feb 14: The Central Investigation Bureau (CIB) of Nepal Police has warned not to get involved in illegal online business such as cryptocurrency, hyper fund and digital networking among others.
KATHMANDU, Feb 2: At a time when the government of Nepal has criminalized any form of transaction of digital currency, the neighboring Indian government has announced to introduce taxes in the introduction and transaction of digital and cryptocurrencies inside the country.
KATHMANDU, Jan 26: Nepal Bankers' Association (NBA), the umbrella organization of the commercial banks, has said that the crypto, virtual currency and the network marketing business and transactions are illegal in the country.
SAN FRANCISCO/NEW YORK, June 19: Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
SAN FRANCISCO/NEW YORK, June 18: Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
Asia’s digital revolution shows no signs of slowing down. From e-commerce giants like China’s Alibaba and Japan’s Rakuten to ride-hailing, and digital payment tech startups, like Indonesia’s Go-Jek and India’s Paytm, and the widespread use of industrial robots for manufacturing, digitalization is changing the way the region’s businesses operate.