amishmanish



Offline



Activity: 1008

Merit: 698





IPL 2021: Predict&Win, https://bit.ly/2EaRw6N







Hero MemberActivity: 1008Merit: 698IPL 2021: Predict&Win, https://bit.ly/2EaRw6N

Re: Bitcoin illegal in Nepal October 09, 2017, 02:53:51 AM #12 Quote from: rajuahmed330 on October 09, 2017, 02:23:36 AM Quote from: Mysterious01 on October 09, 2017, 02:11:32 AM Quote from: rajuahmed330 on October 09, 2017, 02:09:05 AM



Source :-

National Bank of Nepal Deems Bitcoin Exchange Operations Illegal, While the CIB Police Force Arrest Seven Exchange OperatorsSource :- https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/

This is not a good news but don't worry OP because bitcoin is getting broader and stronger.

From time to time they will surely regret it and will accept bitcoin in the future.

This is not a good news but don't worry OP because bitcoin is getting broader and stronger.From time to time they will surely regret it and will accept bitcoin in the future.

Thank you.Thanks for your nice reply.

I am also thinking that some days ago bitcoin banned in china,then price some low. and now all ok. so, it couldn't effect on price of bitcoin. Its Behavior such as good.

Thank you.Thanks for your nice reply.I am also thinking that some days ago bitcoin banned in china,then price some low. and now all ok. so, it couldn't effect on price of bitcoin. Its Behavior such as good.

The currency of Nepal is pegged against INR and most of the revenue comes through remittances by Nepalese nationals working abroad. The central bank is not very confident and competent as its yet to find its feet. The potential for bitcoin to move wealth (particularly the remittances), to a completely unfamiliar mode must have given the central bank cold-feet, that is why they had declared it illegal to trade in bitcoin quite a while back.

These arrests were just a result of the traders using bitcoin despite the ban. You guys should hold them in secret wallets, maybe trade a fraction using VPN if you want to continue earning. Seeing as it is going to be difficult to exchange it for real money legally, I think its going to lose much of its revolutionary value for the common man, which is unfortunate. The currency of Nepal is pegged against INR and most of the revenue comes through remittances by Nepalese nationals working abroad. The central bank is not very confident and competent as its yet to find its feet. The potential for bitcoin to move wealth (particularly the remittances), to a completely unfamiliar mode must have given the central bank cold-feet, that is why they had declared it illegal to trade in bitcoin quite a while back.These arrests were just a result of the traders using bitcoin despite the ban. You guys should hold them in secret wallets, maybe trade a fraction using VPN if you want to continue earning. Seeing as it is going to be difficult to exchange it for real money legally, I think its going to lose much of its revolutionary value for the common man, which is unfortunate.