Nepal vs Sierra Leone
Crypto regulation comparison
Nepal
Sierra Leone
Banned
No Regulation
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.
Sierra Leone has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
Yes
Mining
No
Mining
Yes
Regulator
NRB (Nepal Rastra Bank)
Regulator
Bank of Sierra Leone
Stablecoin Rules
All crypto activities banned
Stablecoin Rules
No stablecoin regulation
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
- No specific cryptocurrency legislation
- Central bank has not issued formal crypto guidance
- Limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services