{"id":74890,"date":"2021-09-15T17:06:52","date_gmt":"2021-09-15T11:21:52","guid":{"rendered":"https:\/\/techlekh.com\/?p=74890"},"modified":"2021-09-15T17:09:01","modified_gmt":"2021-09-15T11:24:01","slug":"nrb-cryptocurrency-illegal-nepal","status":"publish","type":"post","link":"https:\/\/techlekh.com\/nrb-cryptocurrency-illegal-nepal\/","title":{"rendered":"NRB Warns Against the Use of Cryptocurrency in Nepal"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Nepal Rastra Bank (NRB) has warned about the dangers of Cryptocurrency.<\/span><\/p>\n<figure id=\"attachment_18572\" aria-describedby=\"caption-attachment-18572\" style=\"width: 771px\" class=\"wp-caption alignnone\"><img decoding=\"async\" data-attachment-id=\"18572\" data-permalink=\"https:\/\/techlekh.com\/bitcoin-illegal-in-nepal-arrested\/bitcoin-illegal-in-nepal\/\" data-orig-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal.jpg\" data-orig-size=\"771,443\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal-490x315.jpg\" data-large-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal.jpg\" class=\"wp-image-18572 size-full\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal.jpg\" alt=\"bitcoin illegal in nepal\" width=\"771\" height=\"443\" srcset=\"https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal.jpg 771w, https:\/\/techlekh.com\/wp-content\/uploads\/2017\/10\/bitcoin-illegal-in-nepal-150x87.jpg 150w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><figcaption id=\"caption-attachment-18572\" class=\"wp-caption-text\">Cryptocurrency Illegal in Nepal<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Issuing a notice on September 9, Thursday, <a href=\"https:\/\/www.nrb.org.np\/\" target=\"_blank\" rel=\"noopener\">NRB<\/a> has announced that the transaction of cryptocurrency is illegal and anyone involved in any of such activity will be taken legal action as per existing laws.<\/span><\/p>\n<p><strong><span style=\"color: #0000ff;\">ALSO READ:<\/span> <a href=\"https:\/\/techlekh.com\/refurbish-assembly-mobile-phones-nepal\/\" rel=\"bookmark\">NTA Studying the Possibility of Refurbishing and Assembling Phone Sets in Nepal<\/a><\/strong><\/p>\n<blockquote><p><span data-preserver-spaces=\"true\"><strong>\u201cGeneral people are being persuaded to carry out transactions and do mining of cryptocurrency and many of them are being cheated,\u201d<\/strong> mentions the press release issued by NRB.<\/span><\/p><\/blockquote>\n<figure id=\"attachment_75113\" aria-describedby=\"caption-attachment-75113\" style=\"width: 764px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" data-attachment-id=\"75113\" data-permalink=\"https:\/\/techlekh.com\/nrb-cryptocurrency-illegal-nepal\/nrb-nepal\/\" data-orig-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal.png\" data-orig-size=\"764,694\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"NRB&#8217;s Notice\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;NRB&#8217;s Notice&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal-490x315.png\" data-large-file=\"https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal-764x680.png\" class=\"size-full wp-image-75113\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal.png\" alt=\"NRB's Notice Cryptocurrency in Nepal\" width=\"764\" height=\"694\" srcset=\"https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal.png 764w, https:\/\/techlekh.com\/wp-content\/uploads\/2021\/09\/NRB-Nepal-165x150.png 165w\" sizes=\"(max-width: 764px) 100vw, 764px\" \/><figcaption id=\"caption-attachment-75113\" class=\"wp-caption-text\">NRB&#8217;s Notice<\/figcaption><\/figure>\n<p>A cryptocurrency (or \u201ccrypto\u201d) is\u00a0<b>a digital currency that can be used to buy goods and services<\/b>, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.<\/p>\n<p><span data-preserver-spaces=\"true\">NRB and the 2019 Foreign Exchange Regulation Act had declared Bitcoin and other cryptocurrencies as illegal forms of financial tender. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Despite warnings, many Nepalis here have been using, transaction and mining cryptocurency.<\/span><\/p>\n<p><strong><span style=\"color: #0000ff;\">READ NEXT:<\/span> <a href=\"https:\/\/techlekh.com\/namaste-pay-app\/\" rel=\"bookmark\">Namaste Pay App Launched: Supports Offline Payment, Lacks Proper Testing<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nepal Rastra Bank (NRB) has warned about the dangers of Cryptocurrency. Issuing a notice on September 9, Thursday, NRB has announced that the transaction of cryptocurrency is illegal and anyone involved in any of such activity will be taken legal action as per existing laws. ALSO READ: NTA Studying the Possibility of Refurbishing and Assembling&hellip;<\/p>\n","protected":false},"author":1082,"featured_media":18572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[3936,5846,275,4577],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NRB Warns Against the Use of Cryptocurrency in Nepal<\/title>\n<meta name=\"description\" content=\"NRB has announced that the transaction of cryptocurrency is illegal in Nepal &amp; anyone involved in any activity will be taken legal action.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techlekh.com\/nrb-cryptocurrency-illegal-nepal\/\" \/>\n<meta property=\"og:locale\" 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