BTC $68,510.00 (+1.46%)
ETH $1,989.82 (+1.44%)
XRP $1.44 (+1.13%)
BNB $628.11 (+0.73%)
SOL $86.24 (+2.51%)
TRX $0.29 (+0.70%)
DOGE $0.10 (-1.14%)
BCH $563.44 (+0.24%)
ADA $0.28 (-0.67%)
LEO $8.33 (-4.09%)
HYPE $29.95 (+1.12%)
LINK $8.96 (+1.36%)
XMR $330.11 (-0.65%)
CC $0.16 (-1.29%)
XLM $0.16 (-0.29%)
RAIN $0.01 (-0.34%)
HBAR $0.10 (+0.58%)
ZEC $260.14 (+0.87%)
LTC $55.43 (+0.43%)
AVAX $9.29 (+1.97%)

Nepal vs Tanzania

Crypto regulation comparison

← Back to map | Nepal | Tanzania
Nepal

Nepal

Tanzania

Tanzania

Banned
Partially Regulated

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.

Tanzania's regulatory stance on crypto is evolving. The Bank of Tanzania warned against crypto in 2019, but the 2024 Finance Act introduced a 3% withholding tax on digital asset transactions — Tanzania's first legal recognition of crypto. A December 2024 High Court ruling held that taxed crypto transactions cannot be deemed unlawful. No comprehensive regulatory framework exists yet.

Tax Type None
Tax Type Income
Tax Rate N/A
Tax Rate 3% withholding tax
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining No No
Regulator NRB (Nepal Rastra Bank)
Regulator Bank of Tanzania
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
  • Bank of Tanzania warned against crypto trading in 2019 public notice
  • Finance Act 2024 introduced 3% withholding tax on digital asset transactions
  • December 2024 High Court ruled taxed crypto transactions are not unlawful
  • An estimated 2.3 million Tanzanians own cryptocurrency
  • Bank of Tanzania exploring central bank digital currency (CBDC)
Sources
Sources