Nepal Rastra Bank (NRB) has taken an affirmative criminal-prohibition stance rather than a mere licensing gap: cryptocurrency trading, mining and holding are declared illegal under the Foreign Exchange (Regulation) Act, 1962, with the Nepal Telecommunications Authority (NTA) enforcing the ban at ISP level by ordering blocking of exchange-related websites, apps and online networks. No registration, notification or licensing pathway exists for any crypto business model; the only available category is 'prohibited'.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Nepal maintains no statutory token taxonomy. NRB's prohibition notices treat all 'virtual currency/cryptocurrency' uniformly as an illegal foreign-exchange instrument, without distinguishing security tokens, utility tokens, stablecoins, e-money tokens, asset-referenced tokens or NFTs. Categorization therefore defaults to 'unclassified' for every token type as a matter of law.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Cryptocurrency mining is explicitly captured within NRB's blanket ban alongside trading and holding. Nepal has no separate legal treatment for staking, DeFi lending, DEX usage, node operation, validator activity or tokenization; these fall under the same undifferentiated prohibition rather than being individually regulated, so no distinct claim can be sourced for each category beyond the general ban.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Nepal has no stablecoin-specific authorisation, reserve, redemption or disclosure regime. Stablecoins are a form of virtual currency and therefore fall within NRB's blanket prohibition on cryptocurrency trading and holding; there is no legal pathway for issuance or redemption of any stablecoin in Nepal.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
There is no dedicated consumer-protection statute for virtual assets in Nepal. NRB's approach to consumer protection in this space is achieved through prohibition itself plus periodic public warning notices; the NRB homepage carries a standing notice characterizing 'Virtual Currency/Cryptocurrency, Network Marketing and Hyper Fund' schemes as illegal, functioning as the primary consumer-facing risk communication in lieu of a positive protection framework (e.g., no custody-segregation or suitability rules exist because no lawful crypto business may operate to be subject to them).
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
No dedicated crypto tax framework (capital gains, income tax, VAT/GST, withholding or reporting obligation specific to virtual assets) could be located for Nepal. Given the blanket prohibition on trading, mining and holding, any tax treatment of crypto gains would arise incidentally (e.g., via general income-tax or confiscation/AML proceedings) rather than through a purpose-built virtual-asset tax regime; this is a genuine gap rather than an oversight in this research pass.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
NRB frames the cryptocurrency prohibition explicitly under the Foreign Exchange (Regulation) Act, 1962, treating virtual-currency transactions as unauthorized foreign-exchange dealings and a channel for capital-control evasion. There is no licensed cross-border VASP travel-rule regime because no lawful crypto business may operate; the entire cross-border dimension is addressed through the outbound-restriction lens of capital controls rather than a dedicated crypto travel-rule instrument.
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
Crypto-specific AML/CFT obligations are out of scope for this baseline: crypto subscribes to the FIM aml_ctf module, and Nepal has no licensed virtual-asset service providers against which crypto-specific KYC/travel-rule/SAR obligations could attach given the blanket prohibition. For disambiguation context only (not asserted as a crypto AML/CFT claim): Nepal was placed on the FATF list of jurisdictions under increased monitoring in February 2025 and remained listed as of the February 2026 FATF update, and FIU-Nepal's 2025-updated STR/SAR and Threshold Transaction Reporting guidelines apply to the general Reporting-Entity population, not to crypto businesses specifically (none of which may lawfully operate).
Absence reason not determinableNo sub-brief exists and the JID records no gap or review marker explaining why. The renderer will not invent a reason.
No periodic updates recorded against this sub-brief.
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Editorial metadata for Nepal
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