The Nepal Telecommunications Authority (NTAA) has banned cryptocurrency, bitcoin, hyper networking and online betting from operating in Nepal. The authority, which is the regulatory body in the telecommunications sector, wrote to various internet and mobile service providers on Monday instructing them to ban such sites.
Earlier, at the request of the Ministry of Finance, the Ministry of Communications and Information Technology had written a letter to NEA asking it to make arrangements for such websites and mobile apps not to run in Nepal.
Such apps and websites are prohibited from being used, operated and managed in Nepal, as they are related to illegal activities and financial crimes.
