Coinspeaker
Nepal Issues Yet Another Anti-Crypto Policy
Nepal has taken another major step to ensure that crypto and blockchain technology does not see the light of day within its jurisdiction. To this end, Nepal’s Telecommunications Authority has ordered that internet service providers (ISPs) must immediately clamp down on all crypto-related activities on the internet.
Per the instruction, the regulator asked the ISPs to expressly shut down everything that could propagate crypto in any way. That includes every crypto-based app, website, and even online network.
Nepal Keen on Shutting Down Crypto Permanently
It is worth mentioning that the latest move is only further proof of the country’s not-so-friendly stance on crypto.
Recall that in September 2021, the apex bank of the country banned all crypto-based activities including mining and trading. And to ensure that the ban is effective enough, Nepal began asking the public for information about anyone still carrying out illegalities
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