The country's telecommunications regulator has ordered all internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those who do not comply. The Nepal Telecommunication Authority (NTA) ordered ISPs and email service providers to block access to "crypto-related websites, apps, or online networks" in a notice issued on January 8. It stated that virtual currency transactions "have increased in recent days [translated]" and reiterated that cryptocurrency transactions are illegal in the country. The Nepal Rastra Bank (NRB), the country's central bank, declared crypto trading and mining illegal in a notice issued in September 2021. It is also illegal to "encourage" others to use cryptocurrency. The NTA issued a similar caution notice regarding cryptocurrency websites in April 2022, asking the public to notify the regulator if they have information "related to the name of such website, app, or o...