• Ntc
  • Ncell
  • Samsung
  • Apple
  • Xiaomi
  • 2G to 5G
  • ISP
  • NTA
  • Tariffs
  • About us
Monday, June 30, 2025
NepaliTelecom
  • Home
  • Telecom News
    • News
    • NTA
    • Ntc
    • Ncell
    • Smart Cell
    • Digital Nepal
  • Gadgets
  • How To
  • Editors’ Pick
  • Contact
  • About
No Result
View All Result
  • Home
  • Telecom News
    • News
    • NTA
    • Ntc
    • Ncell
    • Smart Cell
    • Digital Nepal
  • Gadgets
  • How To
  • Editors’ Pick
  • Contact
  • About
No Result
View All Result
NepaliTelecom
No Result
View All Result

NTA Shutting Down Crypto, and Hyper Networking Sites

Dinesh by Dinesh
April 27, 2022
in NTA - Nepal Telecommunication Authority, Telco News
Reading Time: 3 mins read
NTA Nepal Telecommunication Authority

Telecom regulator NTA is shutting down Crypto and hyper networking-related sites. The authority has also called on the public to inform if they are in knowledge of any apps, sites, or networks engaged in the illegal crypto trade.

Nepal Telecommunications Authority (NTA) has again warned against crypto-related activities. The telecom governing body reiterated on Monday that it will close websites relating to cryptocurrencies, hyper networking, bitcoin, etc.

Pointing to the rising number of activities in virtual currencies and network marketing, the authority said, it will disable and shut down all the sites and apps that are encouraging crypto trading, and anything related to it.

In recent months, the government has tightened the noose on virtual currencies with a series of warnings. Earlier, Nta had requested ISPs to clamp down on websites and disable apps that promoted blockchain-based cryptocurrencies.

Not to mention, the government has already outlawed mining, trading, and any activities that relate to cryptocurrencies. With the foreign reserve all-time low, and with the potential risk of an economic downfall, the government is leaving no stone unturned to keep cryptos at bay.

With the latest notice, Nta has requested the public not to engage in digital currencies and betting. If found, participants could face repercussions.

Besides, it has also requested citizens to inform the authority if they have any information about such sites app, and networks. Do read: Inter-Wallet Transfer Soon as NRB Calls for Interoperability

NTA threatens legal action

Transactions of illegal virtual currencies and network marketing are rising in Nepal. To curb such crypto, bitcoin, hyper networking, and online betting, it is restricting access or disabling sites, apps, and online networks. Such tools are not accepted for use, maintenance, and operation.”

Similarly, “Nta has urged citizens to inform the public of knowledge of any such websites, or apps via email,’ the notice reads.

It is noteworthy that the authority has clearly labeled engagement in virtual currencies ‘illegal’.

If anyone found guilty otherwise, such person would be subject to legal action as per the existing law, Nta warned. NTA has urged citizens to whistleblow it on any crypto trading by mail at info@nta.gov.np.

Check out: NTA Specifies Minimum Signal Level for Mobile Coverage

Government not withdrawing in barring crypto trade

While the government is discouraging anything with crypto, it is in plans to create a digital currency. On the other hand, India, despite a raging debate there too, has legalized cryptos. But there is a catch. The government has slapped a 30% tax on digital assets which further complicates enthusiasts trying to break into crypto trading.

Meanwhile, the government has further reiterated its aggressive tactics against virtual currencies. Due to the loss of forex, and worsening liquidity situation, the digital currency has come under heavy scrutiny in Nepal. And it’s unlikely to soften anytime soon. Also read: What is Bitcoin? Explained!

What do you think of Nta shutting down crypto sites and apps, and further restricting access to

Follow us on Facebook, Twitter, and Viber to get the latest news, and information about Nepal Telecom, Ncell, Smart Cell, ISPs, mobile apps, and phones in Nepal.

Latest Posts

  • Khalti-IME Pay integrated operation from Shrawan 1, NRB gives its final nod
  • Government to provide voice alerts on flood, weather updates
  • SEE Result 2081 is published: How to check online? Ntc, apps, SMS
  • Nepal Telecom to implement ‘leaky feeder’ in Nagdhunga-Naubise tunnel
  • Nepal out of Ookla mobile broadband speed index
  • Trump launches MVNO mobile network and Android phone
  • Khalti starts Smart Deposit service, how to start saving and earning?
Comments
Previous Post

Postal Service should be Used in eCommerce Delivery

Next Post

NEA Warns to Cut Power Supply for ISPs over Poles Charges

Dinesh

Dinesh

An experienced tech writer covering news mostly on telecommunication, internet, latest tech & trends, and Gadgets. Being a technophile, I am particularly fascinated by the evolution of mobile networks in Nepal from legacy networks (2G, 3G) to 4G (with VoLTE, VoWiFi, eSIM) and the prospects of the upcoming 5G, and equally enthralled by the development of internet from the dial-up connection to the 2 Gbps XGS-PON fiber broadband technology and their transformative impact in the country.

Related Posts

Unauthorized use of Frequency Nepal
NTA - Nepal Telecommunication Authority

NTA appeals to only use allocated frequency with permission

June 19, 2025
Free Wifi affecting Telco revenues
ISP

ISP’s free WiFi Hotspot causes telcos a loss of Rs 14 billion a year

June 20, 2025
4G users in Nepal Ntc Ncell
4G Nepal

4G users in Nepal: 2.53 crores | Latest NTC, Ncell figures

June 2, 2025
Load More

You may also read

Check SEE result grade marksheet

SEE Result 2081 is published: How to check online? Ntc, apps, SMS

June 27, 2025
Nepal Telecom Ntc SEE student SIM offer

Nepal Telecom Brings SEE offer | Free resource and bonus [2025]

March 27, 2025
Ntc FTTH

Nepal Telecom Fiber Internet: Price, Speed, Offer, Packs [2025]

April 16, 2025

Nepal out of Ookla mobile broadband speed index

June 26, 2025
Ntc Namaste Wifi service with 4G LTE router

Namaste Wifi | Ntc’s Wireless Broadband with 4G Router [2025]

January 29, 2025

How to identify Ntc Ncell Smart Hello mobile numbers? [2025]

January 28, 2025
NepaliTelecom

Nepalitelecom.com is a website/blog which provides information regarding telecommunication in Nepal along with Gadgets and has been doing some research for the telecom market in Nepal. We intend to do more of such survey/research in the Nepalese Telecom sector.

SiteMap

📢 Follow us on Viber to get the latest news, and information about Nepal Telecom, Ncell, ISPs, mobile apps, and phones in Nepal.

Popular Categories

Ntc | Ncell | Telco News | ISP | NTA | Gadgets

Recent Posts

  • Khalti-IME Pay integrated operation from Shrawan 1, NRB gives its final nod
  • Government to provide voice alerts on flood, weather updates
  • SEE Result 2081 is published: How to check online? Ntc, apps, SMS

© 2025 Nepalitelecom

No Result
View All Result
  • Home
  • Telco News
  • Gadgets Nepal
  • Nepal Telecom
  • Ncell
  • Digital Nepal
  • How To
  • Editors’ Pick

© 2025 Nepalitelecom