Nepal’s telecommunications regulator has ordered the country’s internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply.
Encouraging” others to use crypto is also an activity punishable by law.
In April, the NTA issued a similar caution notice 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.”
Nepal’s crypto adoption placed it in the global top 20, ranked 16th overall, above the United Kingdom.
Other countries that have banned crypto include China, Algeria, Bangladesh, Egypt, Iraq, Morocco, Qatar, and Tunisia.
Source: Cointelegraph