Cryptocurrency Risk Analysis Released by Nepal Rastra Bank

Apr Mon 2023 03:32:16

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Cryptocurrency Risk Analysis Released by Nepal Rastra Bank

Kathmandu. Nepal Rastra Bank has released a report analyzing risks related to cryptocurrency. The Foreign Exchange Management Department of the National Bank has released a risk analysis related to cryptocurrencies on Monday.

According to the National Bank of India, since there are inquiries related to cryptocurrencies from various stakeholders, various topics have been included and the possible risks have been analyzed and a 'risk analysis related to cryptocurrencies' has been prepared.

Investing in cryptocurrencies in view of risks such as foreign investment and capital flight, adverse effects on remittance flow, challenges to foreign exchange reserve management and adequacy, etc. Nepal Rastra Bank has said that it has banned.