Tag: Nepal crypto ban
Nepal Crypto Ban Explained: Foreign Exchange Act 1962 & Penalties
Learn about Nepal's strict cryptocurrency ban under the Foreign Exchange Act 1962. Understand the legal risks, penalties, and why the Nepal Rastra Bank prohibits all crypto trading and mining.
3 Years Imprisonment for Large Crypto Transactions in Nepal: What You Need to Know
Nepal imposes a mandatory three-year prison sentence for cryptocurrency transactions over 10 million NPR. The ban affects all crypto activity, with aggressive enforcement targeting even small remittances. Here’s how the law works, who gets hurt, and why it’s unlikely to change.