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Are there any regulations or restrictions on using Saudi currency for cryptocurrency transactions in Nepal?

avatarlow_layer's_funMar 19, 2022 · 3 years ago3 answers

What are the regulations or restrictions on using Saudi currency for cryptocurrency transactions in Nepal? Are there any specific rules or guidelines that need to be followed?

Are there any regulations or restrictions on using Saudi currency for cryptocurrency transactions in Nepal?

3 answers

  • avatarMar 19, 2022 · 3 years ago
    In Nepal, there are currently no specific regulations or restrictions on using Saudi currency for cryptocurrency transactions. However, it is important to note that the overall regulatory landscape for cryptocurrencies in Nepal is still developing. It is advisable to stay updated with the latest regulations and guidelines from the Nepal Rastra Bank, the central bank of Nepal, to ensure compliance with any future changes.
  • avatarMar 19, 2022 · 3 years ago
    As of now, there are no explicit regulations or restrictions on using Saudi currency for cryptocurrency transactions in Nepal. This means that individuals and businesses are free to engage in such transactions without any legal barriers. However, it is always recommended to exercise caution and conduct thorough research before engaging in any cryptocurrency-related activities.
  • avatarMar 19, 2022 · 3 years ago
    While I cannot speak for other exchanges, at BYDFi, we do not currently support Saudi currency for cryptocurrency transactions in Nepal. We offer a wide range of other fiat currencies and cryptocurrencies for trading, but Saudi currency is not included in our supported currencies. Please refer to our platform for the most up-to-date information on supported currencies and trading pairs.