Nepal’s regulator is stepping up efforts to cut off its citizens from crypto, ordering ISPs to ban all crypto trading websites and apps or face legal action.
Nepal’s telecommunications regulator has ordered the country's internet service providers to block all cryptocurrency trading websites, threatening legal action against those that fail to comply., the Nepal Telecommunication Authority ordered ISPs and email service providers to prevent access to “websites, apps or online networks” related to crypto.
It stated that virtual currency transactions “are increasing in recent days [translated]” and reiterated that crypto transactions in the country are illegal.. “Encouraging” others to use crypto is also an activity punishable by law.regarding crypto websites asking the public to notify the regulator if they have information “related to the name of such website, app or online network.”
In the April notice, it also threatened legal action if “anyone is found to have done or been doing” crypto-related activities, but did not call for a block on access to crypto services at the time.
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