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ETH $1,946.69 (-1.45%)
XRP $1.41 (-1.25%)
BNB $606.63 (-0.26%)
SOL $82.94 (+1.40%)
TRX $0.28 (+1.19%)
DOGE $0.10 (-0.06%)
BCH $560.97 (+0.68%)
ADA $0.27 (-0.59%)
LEO $8.72 (+0.93%)
HYPE $29.44 (+2.23%)
XMR $330.48 (+1.26%)
LINK $8.60 (-0.92%)
CC $0.16 (-2.62%)
XLM $0.16 (-1.15%)
RAIN $0.01 (-2.87%)
ZEC $263.43 (+0.04%)
HBAR $0.10 (-1.63%)
LTC $53.19 (-0.67%)
AVAX $8.93 (+0.21%)

Canada vs Malaysia

Crypto regulation comparison

← Back to map | Canada | Malaysia
Canada

Canada

Malaysia

Malaysia

Legal
Legal

Canada has a well-developed regulatory framework for cryptocurrency. Crypto trading platforms must register with provincial securities regulators through the CSA, and all crypto businesses must register as money services businesses (MSBs) with FINTRAC. Canada approved spot Bitcoin ETFs in 2021, ahead of most other countries.

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 Capital gains
Tax Type None
Tax Rate 0-26.76%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CSA, FINTRAC, OSC, AMF
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules CSA guidance requires stablecoins to maintain adequate reserves; value-referenced crypto assets regulated
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • Crypto trading platforms must register with CSA provincial regulators
  • All crypto dealers must register as MSBs with FINTRAC for AML/KYC compliance
  • 50% of capital gains are taxable; business income from crypto is fully taxable
  • Canada approved spot Bitcoin and Ether ETFs in 2021, the first major country to do so
  • CSA issued Staff Notice 21-327 on obligations for crypto trading platforms
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