Cryptocurrency is currently banned for financial use in Nepal under Nepal Rastra Bank rules and existing law. But "banned" doesn't mean every crypto-related activity is illegal — learning, building, and discussing the technology is still allowed. Here's a simple breakdown of what's okay and what isn't.
Nepal does not have a law that says the word "cryptocurrency" and bans it outright. Instead, the 2017 NRB notice and existing laws — the Foreign Exchange Regulation Act, the Nepal Rastra Bank Act, and BAFIA — are applied to crypto transactions. These laws target financial activity: buying, selling, exchanging, and moving money. They don't stop someone from reading about how a blockchain works or writing code for a class project.
In short: treating crypto as money or an investment is illegal in Nepal. Treating it as a subject to study or technology to understand is not.