The communist government of Nepal is not very friendly towards cryptocurrencies just yet, because Nepalese officials are in the midst of discussing regulatory guidelines. On October 6, 2017, a task-force from the CIB arrested seven suspects allegedly involved with running bitcoin exchange operations. The CIB explains that the operators violated the order of the National Bank of Nepal that stated until regulations are conceived bitcoin, and other cryptocurrency exchange businesses are illegal.
As far as I know, the Nepali nationals can travel to India without a Visa or a passport and work there. So what prevents them from selling their coins in India and then returning to Nepal with Indian rupee banknotes? After all, the Indian Rupee is widely accepted in Nepal.
That's bad news to our fellow crypto traders in nepal, But don't worry this news will not shake the crypto currency entire realm. So what's gonna happen to the exchanges? will the government shutdown those exchange platform and steal the cryptos?
