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Nepal vs Puerto Rico

Crypto regulation comparison

← Back to map | Nepal | Puerto Rico
Nepal

Nepal

Puerto Rico

Puerto Rico

Banned
No Data

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.

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

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Sources
Sources

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