Opinion | Banning crypto isn’t working. It’s time to regulate it
Summary
Nepal’s ban on digital assets is increasingly being questioned as advocates argue for a risk-based regulatory framework instead of outright prohibition. The article says a national cryptocurrency policy could help manage risks while opening new economic opportunities tied to blockchain and the gig economy.
Key Points
- Crypto-assets have moved from a niche experiment to a major digital finance platform, but conventional rules struggle to govern them effectively.
- Nepal currently prohibits digital assets, though the article argues this has only pushed activity underground rather than eliminating interest.
- A regulated, risk-based framework could help Nepal balance financial stability, consumer protection and new economic opportunities.
- The article says the government has an opportunity to draft a national cryptocurrency policy and avoid both unchecked liberalisation and total restriction.
