[IMF Urges Nepal to Establish Crypto Regulatory Framework and Closely Monitor Stablecoin Flows] According to Decrypt, the IMF stated in its latest annual assessment of Nepal that despite Nepal's complete ban on crypto trading and mining since 2021, the inflow of cryptocurrencies and stablecoins grew rapidly between 2019 and 2024, peaking at over 13% of GDP in 2021 and rebounding to approximately 8% in 2024, with cross-border flows accounting for about 5% of GDP. The IMF recommends that Nepal establish a crypto regulatory framework in line with international standards, strengthen monitoring of stablecoins and unbacked crypto assets to prevent capital control evasion and large-scale deposit outflows, and urges the country to complete the FATF action plan and exit the gray list.