Altcoins News
By Evie Vavasseur
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What happened. Nepal banned crypto in 2021. And yet, that same year, crypto transactions hit more than 13% of the…
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The historical context. Nepal isn't the first government to find out that banning crypto doesn't really work.
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Why it matters. The stakes here go beyond crypto ideology. Nepal has real financial inclusion problems.
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What to watch. A few things worth tracking closely here.
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The IMF has now stepped in, calling on Nepal to build a proper regulatory framework to monitor and control cryptocurrency flows. The fund's concern isn't abstract.
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Nepal isn't the first government to find out that banning crypto doesn't really work. China tried it repeatedly, starting back in 2013.
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India's story went a different direction. Regulators fought the market hard, and then the Supreme Court stepped in and overturned a banking ban in 2020, basically forcing a pivot…
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Nepal is at that same fork. The 13% of GDP figure isn't a sign that the ban is failing — it's proof the ban already failed. The question now is what comes next.
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The stakes here go beyond crypto ideology. Nepal has real financial inclusion problems. A significant portion of the population sits outside the formal banking system, and…
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The people winning in the current setup are the tech-savvy operators and investors who know how to navigate the gaps. They're moving money, taking fees, building positions.
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More context: Japans Lower House Backs Crypto ETF Bill, Tax Overhaul for Digital Assets
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The IMF's push for a framework isn't just bureaucratic pressure. It's a recognition that the crypto economy in Nepal is already real — it's already embedded — and the only…
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Whether Nepal moves toward a formal regulatory framework within the coming months matters a lot.
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Crypto transaction volume is the other number to watch. If it stays consistently above 10% of GDP, that's not a blip — that's an entrenched market.
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Capital flows and trade balance shifts are worth monitoring too. Significant moves there could mean Nepal is already feeling the downstream effects of unregulated crypto activity…
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