Nepal Issues Warning; Shuts Access To Crypto Gambling And Other Apps

The Nepal Telecommunications Authority has issued a warning that crypto activities are illegal. The regulator emphasized that websites, apps, and online networks related to crypto activities are prohibited to be used, operated, or managed within the country. Nepalese Regulator’s Crypto Warning Nepal’s regulator of the technology sector, the Nepal Telecommunications Authority (NTA), issued a notice Monday warning the public about engaging in illegal activities, specifically naming cryptocurrency, bitcoin, and online gambling. Noting that transactions using digital....

The UK Gambling Commission will be stepping up its efforts to regulate online gambling, as it issued a warning to bitcoin gaming operators to get the necessary licenses or face penalties. The commission stressed that regulations require gambling websites that offer services in the UK to have a license regardless of the currency it uses. "We wrote to these operators because they were either advertising gambling illegally or illegally offering gambling products to consumers or both," said UKGC CEO Jenny Williams. "The Commission neither prohibits nor encourages bitcoin. We are interested....

A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National Digital Currency The Nepal Rastra Bank (NRB) is ready with revisions to the law determining its powers and responsibilities that would allow the monetary authority to issue a digital version of the country’s fiat....

On Thursday, I saw the following warning from the Latvian Lotteries and Gambling Supervision Inspection (IUAUI) when I tried to access the BitPay blog from my laptop in Riga. The BitPay home page displayed normally; just the blog was blocked. So, I reached out to a few other people in Riga, and no one else reported that the site was blocked for them. Even my phone, which has a local SIM and connects to a local 3G network, displays the site. “Lotteries and gambling supervisory inspection on the base of Sections 13.1 and 19 of Electronic Communications Law beginning August 1, 2014 have....

Most of us have already known about the Nepal earthquake that rocked the South Asian country last month. The Nepal earthquake of magnitude 7.8 epicentered in Kathmandu caused extensive damage to life and property in the region. This huge earthquake on April 25, 2015 was followed by multiple aftershocks, the latest one of magnitude 7.2 on May 12. 2015. The Nepal earthquake toll is expected to cross 10,000, along with collapsed buildings (both old and new ones alike) and damage to infrastructure has made rehabilitation hard. Governments, organizations and individuals across the world are....