Bitcoin as next generation money
kathmandupost.com · Wed Apr 20 16:03:46 GMT 2022
Bitcoin will change the monetary system just like money replaced the barter system.
Today, most contemporary financial news including the budget and monetary policies around the world are debating and streamlining Bitcoin and other cryptocurrencies. Nepal too is controlling withdrawals from banks fearing that its money is going without account into cryptocurrency, giving further burdening its already reduced foreign reserves. The paradox is that, on the one hand, the government is prosecuting cryptocurrency users, and on the other, it is doing research on its possible legalisation. The use of such currency by China in some specific cities and the recent budget outline of India has given further importance to it. In the context of Nepal, we need an immediate policy on it.
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