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Deep Tide TechFlow News, June 11 — The International Monetary Fund (IMF) stated in its latest annual assessment of Nepal that although Nepal has fully banned crypto trading and mining since 2021, the inflow of cryptocurrencies and stablecoins from 2019 to 2024 has grown rapidly, at one point exceeding 13% of GDP in 2021, rebounding to about 8% in 2024, with cross-border flows accounting for approximately 5% of GDP. The IMF recommends that Nepal establish a crypto regulatory framework in line with international standards, strengthen monitoring of stablecoins and unpegged 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 grey list.