A modern world with all model tools and & technologies, people all over the world are now using technologies in their daily basis. From past till now people earns wealth to live their life better. Time changes new technologies were invented to make people easy to work on their daily lifestyle. Their are various ways to earn money using modern technologies. A new digital currency was introduced by David Chaum in 1983 where he explained the concept of digital currency to the world. after time to time many people trusted the concept of digital currency making easy, fast and secure way for money transfers. In 2008 a new digital currency called crypto was invented by an unknown person or group of people. however, some theory says that a guy from Japan named Satoshi Nakamoto invented crypto. From the beginning of crypto transactions, many businessmen had invested more than 40% of their wealth in blockchain companies for long-term purposes. Although, in the case of Nepal people from abroad are paying high remittances to the Nepal government. while most of the people from Nepal are investing their wealth in NEPSE (NEPAL STOCK EXCHANGE). But like the stock market, cryptocurrencies don't have any intrinsic value.
CRYPTOCURRENCY pays huge losses to the Nepal government where people illegally transact their stake money through blockchain companies. many remittances are also not being taken from abroad people because of the money they invest on various social platforms like TikTok coins and illegal outflow of domestic capital. From the beginning of the crypto hype, the Nepal government had not legally approved cryptocurrencies because Nepal is backward in technology. Foreign countries like the USA, Japan, Germany, the United Kingdom, South Korea, and other technologically advanced countries in the world had legally approved blockchain transactions by adding huge amounts of tax on it.
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