---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_asia", "apg", "banned"]
aliases: ["NP", "NPL", "नेपाल"]
created: 2026-06-01
updated: 2026-04-02
compile_into: ["[[country--nepal]]"]
sources:
  - name: "https://www.nrb.org.np"
    url: "https://www.nrb.org.np"
    type: "official"
---

#  Nepal (NP) — Crypto Regulation

> Nepal Rastra Bank has declared cryptocurrency trading and mining illegal since 2017, with reinforcement in 2021. There are no legal frameworks supporting crypto activities in Nepal.

## Overview

| Field | Value |
|-------|-------|
| Status | Banned |
| Risk Score | 82/100 (Very High Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|south asia]] |
| Currency | [[entity--npr|NPR]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | N/A - crypto banned |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Mining Tax | N/A - mining banned |
| Staking Tax | N/A |
| Airdrop Tax | N/A |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | No |
| Regulator | [[entity--nrb|NRB]] |
| Framework | NRB declared crypto trading illegal (August 2017); expanded ban to all virtual currencies (January 2022); based on Foreign Exchange (Regulation) Act 1962 and NRB Act 2002 |
| Ease | very_complex |
| Cost | N/A |
| Timeline | N/A months |

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |

## DeFi

**Status:** Banned

## Stablecoins

**Status:** Banned

## NFTs

**Status:** Banned

## Mining

| Field | Value |
|-------|-------|
| Legal | No |
| Electricity Cost | $0.06/kWh |
| Renewable Energy | 90% |
| Climate | temperate |
| Infrastructure | fair |

Crypto mining is banned by Nepal Rastra Bank since 2017, reinforced in 2021. Despite low electricity costs and high renewable energy share, mining is illegal.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 34/100 |
| Ease of Business | difficult |
| Internet Freedom | partly_free |
| Banking Access | restricted |

## Enforcement

No detailed enforcement information available

## CBDC Status: research

## FAQ

### Is cryptocurrency legal in Nepal?

Nepal Rastra Bank has declared cryptocurrency trading and mining illegal since 2017, with reinforcement in 2021. There are no legal frameworks supporting crypto activities in Nepal.

### What is the FATF status of Nepal?

Nepal is classified by FATF as: grey_list.

### What is the AML/KYC regime in Nepal?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-06-01.*

**Sources:**
- [https://www.nrb.org.np](https://www.nrb.org.np)