Nepal's central bank warns people to stay away from cryptocurrencies and money online transactions

“Republic” reported on February 9: This Tuesday, Nepal’s central bank issued a notice urging everyone to be cautious when it comes to cryptocurrencies and online transactions, calling them illegal. Such activities not only make the country's economy vulnerable, but can also cause investors to lose money.

The central bank urged caution about such activities, saying cryptocurrencies and online transactions are unregulated and carry a high risk of money laundering and terrorism. At the same time, the use of cryptocurrencies tends to lead to currency counterfeiting and tax evasion, and affects the regulation of capital flight and adversely affects fiscal stability. Online transactions can also have a negative impact on state taxation.