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Afghanistan vs Malaysia

Crypto regulation comparison

← Back to map | Afghanistan | Malaysia
Afghanistan

Afghanistan

Malaysia

Malaysia

Banned
Legal

Afghanistan effectively banned cryptocurrency in August 2022 under Taliban rule, declaring crypto 'haram' (forbidden). Authorities shut down 16 crypto exchanges in Herat and arrested traders. In 2024, enforcement intensified with provincial bans and public denouncements. Underground P2P trading persists despite the crackdown.

Cryptocurrency is legal and regulated in Malaysia. The Securities Commission oversees digital asset exchanges (DAX) and initial exchange offerings under the Capital Markets and Services (Prescription of Securities) Order 2019. Only SC-approved exchanges can operate. Malaysia does not impose capital gains tax on crypto for individuals, though frequent trading may be classified as business income.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Da Afghanistan Bank (Taliban administration)
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules Not applicable — crypto banned
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • Taliban banned crypto in August 2022, declaring it haram (forbidden)
  • 16 crypto exchanges shut down in Herat; traders arrested
  • 2024 provincial bans with public loudspeaker campaigns against crypto
  • Crypto was used during the 2021 transition period for fund transfers
  • Underground P2P trading persists for remittances despite ban
Key Points
  • Digital asset exchanges must be registered and approved by the Securities Commission
  • Only approved tokens can be listed on registered exchanges (e.g., BTC, ETH, XRP on approved list)
  • No capital gains tax for individuals; frequent trading may be treated as business income
  • BNM regulates crypto for AML/CFT purposes under the Anti-Money Laundering Act
  • IEOs must be conducted through SC-approved platforms
Sources
Sources