Crypto Regulation in Nepal

Banned

Tax Information

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

Licensing & Registration

License Required
No
Regulator
NRB (Nepal Rastra Bank)
Framework
NRB declared crypto trading and mining illegal (2017); reinforced in 2021
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Very Complex

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
No
Status
Banned
Electricity Cost ($/kWh)
$0.06
Renewable Energy
90%
Climate
Temperate
Infrastructure
Moderate
Tax on Mining Income
N/A
Notes
Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.

DeFi, Stablecoins & NFTs

DeFi: bannedStablecoins: bannedNFTs: bannedCBDC: research - NRB studying CBDC feasibility

Soken Services

Legal Opinion
Available | $8,000 - $25,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT

Sources

Nepal Rastra Bank
high

Frequently Asked Questions

Is crypto legal in Nepal?
Cryptocurrency is currently classified as "Banned" in Nepal.
What is the crypto tax rate in Nepal?
In Nepal, the personal capital gains tax on crypto is N/A - crypto banned, and the corporate tax rate is N/A.
Do I need a crypto license in Nepal?
No, Nepal does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Nepal?
No, crypto mining is currently banned or illegal in Nepal. Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.
What are the AML/KYC requirements for crypto in Nepal?
Yes, crypto businesses in Nepal must comply with KYC (Know Your Customer) requirements.