Nepal
NepalNot active
Nepal Rastra Bank declared all cryptocurrency transactions illegal in a September 2021 notice.
There is no dedicated crypto regime to follow in Nepal yet. We keep it on the map and will open a full rulebook when that changes.
Nearby markets at a glance
How the markets Four Pillars tracks in full across South Asia stand on the questions people ask about Nepal, each linked to its full rulebook.
| Market | Exchanges | Stablecoins | Tokenisation | Retail | Tax |
|---|---|---|---|---|---|
| IndiaRegulation by tax and AML: crypto is legal, heavily taxed and FIU-registered, but India still has no licensing law. | Partial | Restricted | Restricted | Partial | Comprehensive |
| PakistanFrom a 2018 banking ban to a full licensing law: PVARA now regulates a market the government puts at over 40 million users. | Partial | Developing | Developing | Partial | Developing |
| BhutanA hydro-powered bitcoin miner that walls crypto off: licensed activity lives only in Gelephu Mindfulness City, and home banks stay closed. | Partial | Partial | Partial | Restricted | Partial |
India
Pakistan
Bhutan
BangladeshNot active
Sri LankaNot active
MaldivesNot active
AfghanistanNot active