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Home Prime News

Cryptocurrency trading, mining is illegal in the country: NRB

CEO Tab by CEO Tab
September 10, 2021
in Prime News
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China-Cryptocurrencies

China tells banks to stop supporting cryptocurrency

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Cryptocurrency trading and mining are punishable as it is illegal in the country, said the Nepal Rastra Bank (NRB).

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Any sort of cryptocurrency trading and mining is illegal in the country, according to Foreign Exchange (Regulation) Act, 2019.

“Cryptocurrency trading and mining and encouraging the illegal activities is punishable as per existing laws. Likewise, those swindling people through these illegal activities are subject to action,” according to a notice issued on Thursday by the central bank.

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Manish Raj Poudel
info@ceotab.com
9841317747


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