Blockchain Regulation

Blockchain Regulation

Clarity in a Strictly Regulated Space

While blockchain technology offers transformative enterprise applications, the regulatory stance on virtual currencies in Nepal is absolute. The Government of Nepal and the Nepal Rastra Bank explicitly ban all cryptocurrency activities—including trading, mining, investing, and the use of stablecoins, NFTs, and DeFi platforms. Violations under the Foreign Exchange (Regulation) Act carry severe consequences, including massive fines and up to 7 years of imprisonment.

At Vidhijnya Lawyers, we provide crystal-clear guidance on where the legal lines are drawn, ensuring businesses utilizing decentralized technologies do not inadvertently cross into prohibited territory.

Our Blockchain Legal Services Include:

• Crypto Ban Compliance: Auditing tech business models, apps, and platforms to ensure they do not violate NRB's strict virtual currency prohibitions.

• Enterprise Blockchain Advisory: Advising on the lawful use of non-financial distributed ledger technologies (DLT) for supply chain, smart contracts, and secure record-keeping.

• Defense & Representation: Providing legal defense and representation for individuals and entities facing investigation by the Cyber Bureau or Department of Revenue Investigation for alleged virtual asset transactions.

• CBDC Monitoring: Keeping financial institutions updated on the legal developments surrounding Nepal Rastra Bank’s own Central Bank Digital Currency (CBDC) initiatives.