While we talk or gossips about block chain technologies and crypto currency in Nepal seems dangerous but the reality is that our government and policy makers are making citizens or nation in big danger.
If you see the scenarios of E governance Estonia has already launched their services through block chain technology mostly country in Europe and america has started to accept BTC and ETH as major currency .While we talk about ETH or BTC in Nepal may be a huge cost that person or Entity may be penalize by the government .
Central Bank of Nepal known as Nepal Rastra Bank which has not make block chain friendly policy and decisions it directly means our central bank is been influenced by crony capitalism it will not ruin our national economy but our citizens and corporate will be bank corrupted or face huge loss in near future.
Why Bitcoin is illegal in Nepal ?
Nepal is that country which is autonomous and sovereign country even though micro management will be done by Indian Authority and treated as Indian sub continent is a symbol of crony capitalism and India has not launched BTC or ETH as officially for normal transaction that is why our country has not follow or supported crypto currency is similar as fiat currency.
There is a big game of international card issuers like Mastercard,JCB,VISA,AMEX and Unionpay which has paid a huge commission may be by that reason we are fail to introduce local crypto currency or BTC,ETH or NEPA as official currency for Local or International trade.
There are several hidden game by the counterfeit note printers and Scammers or card processors ,if block chain will be officially launched in Nepal there will no gateway for international terrorist funding,no money laundering business may run that’s why they put young entrepreneurs like Bitsewa will face legal and mental harassment with heavy penalty.
Here in our nation if corrupted leaders and policymakers never wishes bitcoin as legal virtual currency until and unless their black money will not be conversion in BTC,ETH and XLAB etc.
If Nepal Government will not make draft,bill and law for block chain technology we will face huge loss for nation and we also cannot aspect sociology economic growth in Nation.Our youth and Innovators will go for brain drain which is under pipe line more than 10 commercial bank are going to collapse within half or a decade most of the youth and entrepreneurs are going to be bankrupt that’s why I had started to migrate and think different.Have you ?
We have to congratulate like Esatya and Few Shadow Innovators from USA and UK who are continuously supporting block chain business ,knowledge transfer and many more.
I always wish best for my citizens and country as i can .