Tag: Nepal crypto ban
Nepal's Crypto Ban Under Foreign Exchange Act 1962: What It Means and Why It Stands Out
Nepal's strict crypto ban under the Foreign Exchange Act 1962 prohibits all digital asset activity, yet underground trading and mining persist. With prison terms and heavy fines, enforcement remains weak, while global trends point toward eventual regulatory change.
Underground Crypto Trading in Nepal: How It Works and Why It Won’t Stop
Despite a complete ban since 2017, underground crypto trading thrives in Nepal through P2P deals, VPNs, and encrypted apps. Traders risk arrest to send remittances and invest - and the government’s crackdowns aren’t stopping them.