Time for Nepal to enter Web3

Nepal's new government is considering embracing cryptocurrency and blockchain technology. The current ban by Nepal Rastra Bank prohibits crypto activities, with punishments including confiscation of goods and prison time. However, experts argue that this ban is due to ignorance, not strategy. Nepal has a growing tech sector, exporting nearly $1 billion worth of software products last year. The country also has surplus clean energy, particularly in the monsoon season, and natural cooling in the mountains. Bhutan, a neighboring country, has successfully mined bitcoin using its excess hydroelectricity and has used the earnings to invest in projects and boost civil servant salaries. Nepal could follow a similar path, but would need to maintain ties with international creditors like the International Monetary Fund.