Nepal, Feb. 16 -- The government has initiated the process of amending the Nepal Rastra Bank (NRB) Act, 2002 to introduce provisions related to digital currency and strengthen governance in the financial sector.

The Ministry of Finance (MoF) on Friday issued a public notice seeking suggestions from stakeholders by the end of this week regarding the proposed amendments.

According to the ministry, the amendment aims to make the central bank more autonomous, transparent and accountable in line with international practices. The government plans to recognize digital currency as legal tender and introduce provisions to prevent destroyed, mutilated or banned digital currency from re-entering circulation.

The proposed amendments also seek to i...