As of my last update in January, Bitcoin and other cryptocurrencies were not explicitly illegal in Nepal. However, the Nepalese government has not provided clear regulations regarding their use or legality. Due to this lack of clarity, the use of Bitcoin remains in a legal gray area. While individuals in Nepal may buy, sell, or hold Bitcoin, they do so at their own risk, as there's no legal framework to protect cryptocurrency users. It's important for individuals in Nepal to stay informed about any updates or changes in cryptocurrency regulations that may occur. Despite the uncertainty, Bitcoin continues to be traded and used by some individuals and businesses within the country.
As with any investment or financial activity, individuals should exercise caution and conduct thorough research before engaging in cryptocurrency transactions in Nepal.
It would have been proper if you added the source of your information because dealing with or using cryptocurrencies is still banned in Nepal. I just checked a few websites and I don't see any news that affirmed that the ban has been lifted. In fact, the Nepal Rastra Bank has periodically published directives that cryptocurrencies are illegal. The telecommunication regulatory body in Nepal has even instructed all internet service providers to block access to crypto-related websites, apps and online networks.
https://www.recentfusion.com/2023/08/07/why-bitcoin-is-illegal-in-nepal/