Electronic Transactions Act of Nepal

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Electronic Transactions Act of Nepal
  •  ETA (Electronic Transaction Act) deals with issues related to cybercrime and also helps in making and implementing laws over cybercrime. 
  • It has made different requirements so that if anyone is found to have cybercrime, he/she will be punished according to the scene of the crime. 
  • He /she can be jailed for a minimum of from 6 months to a maximum of 3 years and has to pay the penalty according to the offense. 
  • However, cybercrime has been overgrowing in Nepal because of an inadequate tracking system, and the advancement needs still to build like in other developed countries. 
  • With the lack of proper updates of ETA, the hackers again hack governmental confidentiality which is an embracing to tell.
  • ETA yet hasn’t adequately addressed Online payment, due to which we still don’t have a fast and reliable online payment system too.


                                                                             OR,


Electronic Transactions Act of Nepal

The Electronic Transactions Act, 2063 (2008)

Date of Authentication and Publication

22 Mansir 2063 ( December 8, 2006)

Act number 27 of the year 2063

An Act promulgated for Electronic Transactions

Preamble:

WHEREAS, it is expedient to make, legal provisions for authentication and regularization of the recognition, validity, integrity, and reliability of generation, production, processing, storage, communication, and transmission system of electronic records by making the transactions be carried out using electronic data exchange or by any other means of electronic communications, reliable and secured; And whereas, for controlling the acts of unauthorized use of electronic records or of making alteration in such records through the illegal manner, Now, therefore, be it enacted by the House of Representatives in the First Year of the issuance of the Proclamation of the House of Representatives, 2063(2007).

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