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Nepal vs United States

Crypto regulation comparison

← Back to map | Nepal | United States
Nepal

Nepal

United States

United States

Banned
Legal

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.

The United States has the world's most complex crypto regulatory landscape, with overlapping federal and state jurisdictions. The SEC regulates crypto securities and has pursued enforcement actions against exchanges and token issuers. The CFTC oversees crypto derivatives and considers Bitcoin a commodity. FinCEN applies BSA requirements to crypto exchanges as money service businesses. The IRS taxes crypto as property: short-term gains at income tax rates (10-37%), long-term gains at 0-20%. New 1099-DA broker reporting rules take effect from 2025. Multiple states have their own requirements, with New York's BitLicense being the most stringent.

Tax Type None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 0-37%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator NRB (Nepal Rastra Bank)
Regulator SEC, CFTC, FinCEN, OCC, IRS, State regulators
Stablecoin Rules All crypto activities banned
Stablecoin Rules Stablecoin legislation actively being developed in Congress; existing oversight by SEC, CFTC, state regulators
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
  • SEC regulates crypto as securities under Howey test; major enforcement actions (Ripple, Coinbase, Binance)
  • CFTC classifies Bitcoin and Ether as commodities; oversees derivatives markets
  • IRS treats crypto as property: short-term gains taxed at 10-37%, long-term (1yr+) at 0-20%
  • FinCEN requires exchanges to register as MSBs and comply with BSA/AML requirements
  • 1099-DA broker reporting for centralized exchanges effective from tax year 2025
Sources
Sources