IMF dey urge Nepal make dem dey oversee crypto as stablecoin money still dey come after 2021 ban

IMF dey urge Nepal make e tighten crypto oversight for all im financial system, sey di digital-asset inflows still dey despite say dem ban crypto trading and mining for 2021. IMF estimate sey Nepal crypto inflows rise for 2021, reach about $2.6B (around 13% of GDP) small time, then e reduce to roughly 4% of GDP by 2023. IMF still note sey movement start again later periods. One main development na stablecoins: IMF report sey dem don dey form bigger share of crypto-related flows, mainly driven by cross-border transfers and activity wey dey happen outside formal banking channels. IMF warn sey steady cross-border use fit stress capital-control frameworks and increase financial-stability risks. Nepal central bank still hold sey crypto trading and mining banned, but IMF talk sey enforcement gaps still dey allow illegal activity. E recommend tighter monitoring and compliance, include align with international standards and finish FATF action plan. For traders, wetin matter pass na policy risk not immediate price direction. If stablecoin rails continue, dem fit show relative resilience where oversight dey still develop, but expectation of tougher enforcement fit affect local liquidity and on/off-ramp behavior.
Neutral
Price impact for any particular cryptocurrency likely small because IMF talk dey focus on Nepal oversight and enforcement gaps, no dey propose global ban or direct market shock. But traders fit see am as neutral to small cautious: steady cross-border flows wey link to stablecoins show say stablecoins fit remain fairly resilient for markets wey oversight don still dey catch up. At the same time, call for stronger crypto oversight and tighter compliance dey raise chance of future restrictions on off-ramps/on-ramps and local liquidity conditions. Net effect: more regulatory expectation risk than immediate bullish or bearish price move for the asset itself.