18 MPs Register 77 Amendments to Nepal Rastra Bank Bill
Summary
Eighteen MPs have proposed 77 amendments to the Nepal Rastra Bank Bill, focusing on digital banking, central bank digital currency, cryptocurrency regulation, and improving the bank's board governance.
Key Points
- 18 MPs from various political parties have registered 77 amendment proposals on the Nepal Rastra Bank (Third Amendment) Bill, 2083.
- Amendments focus on digital banking, central bank digital currency, cryptocurrency regulation, and the structure of the bank's board of directors.
- Proposals include legal definitions of digital bank, inclusion of central bank digital currency, and strict criteria for licensing virtual asset service providers.
- Proposals also call for more inclusive board selection, reduced tenure for leadership, and transparency in monetary policy formulation and implementation.
