Nepal — crypto regulation

Status: banned · Last reviewed 2026-11-05

Nepal maintains a comprehensive ban on all cryptocurrency activities — trading, mining, holding, and transferring — enforced by the Nepal Rastra Bank and backed by criminal penalties under Section 262A of the Penal Code. Despite the ban, underground P2P trading is widespread; a government task force recommended revisiting the approach in late 2025.

Legislation

• Muluki Criminal (Code) Act — Section 262A Amendment (2024)
• Nepal Rastra Bank Act 2002 — Crypto Prohibition Notices (2022)
• NRB CBDC Consultation Document (2025)