Asset × Country · Legal Status

How to Trade Pudgy Penguins (PENGU) in Nepal

STATUSBanned REGULATORNepal Rastra Bank CLASSCrypto

Crypto trading is banned in Nepal, so no trading route for Pudgy Penguins is offered to residents.

Pudgy Penguins · PENGU-PERPCrypto · Nepal

Price · 24h—

Max leverage5x

Funding · APR—

In NepalBanned

Canborsa fee0.07% per side

Pudgy Penguins in Nepal · at a glance

Banned

legal statusPudgy Penguins exposure from Nepal

max leveragePudgy Penguins on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Pudgy Penguins trading legal in Nepal?

Nepal prohibits crypto at the level of the underlying asset, and since 2024 the prohibition is criminal. Nepal Rastra Bank's own published FAQ answer states that trading cryptocurrencies including Bitcoin is illegal in Nepal and that such trading is not permitted because it has received no legal recognition. FIU-Nepal, the financial intelligence unit inside Nepal Rastra Bank, restates the position in its Strategic Analysis Report on Virtual Assets, 2025: Nepal's legal framework prohibits all virtual asset activities.

What the contract is

A perpetual on PENGU tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Regulator — Nepal

RegulatorNepal Rastra Bank

Websitewww.nrb.org.np

CryptoBanned

Funding · local rails

How to fund a trade from Nepal

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank transfer

BLOCKED

FIU-Nepal flags crypto purchases in bank statements as a top suspicious-transaction trigger, plus an NRB licence rule.

Dollar card / international card issued in Nepal

BLOCKED

FIU-Nepal flags dollar-card use for crypto payment as a specific enforcement trigger under the NRB foreign-exchange regime.

BLOCKED

Criminal Code s.262(A) covers virtual-asset trading, and FIU-Nepal names P2P platforms as an enforcement target.

Domestic mobile wallets and digital payment platforms

BLOCKED

No licensed virtual asset service provider exists in Nepal, leaving no lawful crypto counterparty for local payment instruments.

No trading route from Nepal

The legal status above rules out a trading route for Pudgy Penguins exposure from Nepal.

Tax note — Nepal

General capital gains tax on the disposal of assets such as shares and immovable property is 10% for individuals in Nepal.

Frequently asked questions

Is trading Pudgy Penguins legal in Nepal?›

Trading PENGU from Nepal: banned.

How does Nepal restrict crypto trading?›

For Pudgy Penguins traders in Nepal: Nepal's National Criminal Code, section 262(A), amended 12 April 2024, criminalises producing, selling, trading, storing or transferring virtual assets unless issued or recognised by Nepal Rastra Bank, with imprisonment and confiscation of property.

Who regulates PENGU markets in Nepal?›

Nepal Rastra Bank.

What are the tax rules for trading Pudgy Penguins from Nepal?›

For Nepal residents trading Pudgy Penguins: General capital gains tax on the disposal of assets such as shares and immovable property is 10% for individuals in Nepal.

What identity verification is required for PENGU in Nepal?›

For Pudgy Penguins traders in Nepal: The Nepal Rastra Bank outlawed all activities related to virtual currencies, including mining, on January 23, 2022.

Keep exploring