IMF Urges Nepal Monitor Crypto as Usage Rises Despite Ban
The warning echoes the IMF's concerns over crypto adoption, including previous clashes with El Salvador over Bitcoin accumulation.
➤ The IMF has urged Nepal to closely monitor its growing cryptocurrency adoption, particularly stablecoins, despite an existing ban on crypto transactions. ➤ Despite the ban, crypto inflows have significantly increased, raising concerns about financial stability and illicit financial flows. ➤ The IMF recommends a regulatory framework aligned with international standards to protect financial integrity and consumer protection, drawing parallels to past concerns with El Salvador's Bitcoin adoption.
















