7 people are arrested in Nepal by Central Bureau of Investigation for cryptocurrency transaction in Nepal. In Nepal, central bank has termed bitcoin as illegal.
Why was Bitcoin banned in Nepal?
Central Bank of Nepal is not able to track the transaction and is a high risk for going outward remittance for buying bitcoins than inward remittance.
Public Opinion: A lot has changed in terms of perception and in terms of where digital currencies are. Digital currencies are here and have set a solid foothold in the world economy. Its acceptance has accelerated, governments around the world are realizing its importance and its value. One thing is for sure, digital currencies will do more good to the people of the country than harm. Hope that the government will soon realize its endless possibilities and formulate regulations that support innovation and growth.