Nepal’s telco regulators have ordered internet service providers to ban all cryptocurrency-related services in their recent notification released on January 8.
Nepal’s stance on crypto has previously been negative, as the nation banned crypto-related activities in 2021. Nepal’s telco has also threatened to take legal action against any entity that does not follow the orders.
In the email notification released, the Nepal Telecommunication Authority (NTA) ordered that users not have access to “websites, apps, or online networks” connected to the crypto industry or trading.
Crypto Activities Have Increased In The Recent Past
This news came after the Nepal regulatory authority found out that despite declaring crypto illegal, there has been a considerable increase in the trading of virtual digital currencies in the past few months.
Additionally, early last year, the Nepal telecommunications authority urged the public to inform them of anybody who has been participating in any ille
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