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Greenland vs Nepal

Crypto regulation comparison

← Back to map | Greenland | Nepal
Greenland

Greenland

Nepal

Nepal

No Data
Banned

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Nepal has banned cryptocurrency trading, mining, and transactions. The Nepal Rastra Bank declared crypto trading illegal in 2017, and the Nepal Telecommunications Authority has been directed to block crypto exchange websites. Law enforcement has arrested individuals for operating crypto exchanges. Despite the ban, some citizens use VPNs to access crypto.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator -
Regulator NRB (Nepal Rastra Bank)
Stablecoin Rules -
Stablecoin Rules All crypto activities banned
Key Points

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Key Points
  • NRB declared all crypto trading and transactions illegal in 2017
  • Mining cryptocurrency is also prohibited
  • NTA directed to block access to crypto exchange websites
  • Arrests have been made for operating crypto trading platforms
  • NRB exploring a central bank digital currency (CBDC) as an alternative
Sources

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Sources