Nepal Telecommunications Authority Blocks Crypto-Related Activities

– The Telecommunications Authority of Nepal has instructed all ISPs to block crypto-related websites, apps, and online networks.
– This comes after the nation’s apex bank banned cryptocurrency-related activities, including trading and mining, in September 2021.
– The government agency warned that legal action will be taken against ISPs and email service providers that allow crypto-related activities to take place on their platforms.

The Nepal Telecommunications Authority recently issued a notification instructing all internet service providers (ISPs) operating in the country to block all crypto-related activities. This includes websites, apps, and online networks. crypto-related activities. The ban was issued in response to the nation’s apex bank banning cryptocurrency activities, including trading and mining, in September 2021.

The government agency noted that they are taking the necessary steps to block crypto-related activities in the region. The Telecommunications Authority has instructed all ISPs to prevent operating and managing cryptocurrency-related apps, online networks, and websites. In April last year, Nepal’s telecommunications authority sought information from the general public about individuals and corporate entities participating in illegal activities, such as cryptocurrency.

The recent caution threatens to take legal action against ISPs and email service providers that allow crypto-related activities to take place on their platforms. The government agency added that virtual currency transactions are still prohibited in Nepal. The agency also stated that any person or entity found guilty of violating the provisions of the order would be subject to legal action.

The Nepal Telecommunications Authority has been working to increase cryptocurrency awareness in the country. In recent months, the agency has organized seminars and workshops to educate the public about cryptocurrency-related activities. The agency has also been working with the central bank to ensure that all cryptocurrency activities are conducted in a safe and secure manner.

It is expected that the government will continue to keep a close watch on the crypto-related activities in the country. The agency has also asked the ISPs to take all necessary steps to ensure that the crypto-related activities are blocked in the region. This will help to protect the public from any potential risks associated with the various crypto-related activities.

The Nepal Telecommunications Authority is committed to ensuring a secure and safe environment for all crypto-related activities. The agency is also working to ensure that all crypto-related activities are conducted in a responsible manner. This is to ensure that the public is aware of the potential risks and benefits associated with cryptocurrency-related activities. The agency is also working to ensure that the public is aware of the legal and regulatory framework governing cryptocurrency-related activities.