BTC $67,995.00 (+0.43%)
ETH $1,972.42 (+0.65%)
XRP $1.42 (-0.24%)
BNB $621.04 (-0.80%)
SOL $85.02 (+0.81%)
TRX $0.29 (+1.43%)
DOGE $0.10 (-2.59%)
BCH $567.03 (+0.35%)
ADA $0.28 (-2.00%)
LEO $8.24 (-3.32%)
HYPE $29.63 (-2.26%)
LINK $8.84 (-0.27%)
CC $0.16 (-0.21%)
XMR $324.89 (-1.45%)
XLM $0.16 (-3.85%)
RAIN $0.01 (-1.88%)
HBAR $0.10 (-1.20%)
ZEC $255.22 (-2.69%)
LTC $54.47 (-0.97%)
AVAX $9.04 (-1.32%)

Cameroon vs Malaysia

Crypto regulation comparison

← Back to map | Cameroon | Malaysia
Cameroon

Cameroon

Malaysia

Malaysia

Restricted
Legal

Cameroon has no specific national cryptocurrency legislation. As a CEMAC member, COBAC issued a 2022 directive banning financial institutions from facilitating crypto transactions. BEAC opposes crypto regulation and does not recognize cryptocurrencies. Individual ownership is not explicitly banned but access via formal banking is restricted.

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 Yes Yes
Mining Yes Yes
Regulator BEAC (Bank of Central African States), COBAC
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules Not applicable — COBAC bans financial institutions from crypto transactions
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • No specific national cryptocurrency legislation
  • COBAC 2022 directive bans banks and payment providers from facilitating crypto transactions
  • BEAC firmly opposes cryptocurrency regulation in the CEMAC region
  • Part of the CEMAC monetary zone with the CFA franc
  • Nearly 900,000 crypto users in Cameroon despite restrictive banking environment
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