The IMF has called on Nepal to establish a crypto regulatory framework and closely monitor stablecoin flows.

CoinFeed reported on June 11 that, according to Decrypt, the IMF, in its latest annual assessment of Nepal, stated that despite Nepal's comprehensive ban on crypto trading and mining since 2021, inflows of crypto and stablecoins grew rapidly between 2019 and 2024, exceeding 13% of GDP in 2021 and rebounding to approximately 8% in 2024, with cross-border flows accounting for about 5% of GDP. The IMF recommended that Nepal establish a crypto regulatory framework in accordance with international standards, strengthen monitoring of stablecoins and unpegged crypto assets to prevent capital control circumvention and large-scale deposit outflows, and urged Nepal to complete its FATF action plan and exit the grey list.