BTC $66,264.00 (-2.53%)
ETH $1,920.64 (-2.32%)
XRP $1.41 (+0.26%)
BNB $610.47 (-1.67%)
SOL $80.62 (-4.52%)
TRX $0.28 (-1.48%)
DOGE $0.10 (+0.60%)
BCH $539.36 (-5.54%)
ADA $0.27 (+0.15%)
LEO $8.11 (-1.08%)
HYPE $27.62 (-5.77%)
CC $0.16 (+2.27%)
LINK $8.53 (-2.60%)
XMR $318.14 (-0.30%)
XLM $0.16 (+0.76%)
RAIN $0.01 (+1.71%)
HBAR $0.10 (-0.35%)
ZEC $249.64 (+0.14%)
LTC $52.91 (-2.12%)
AVAX $8.73 (-2.20%)

Dominican Republic vs Malaysia

Crypto regulation comparison

← Back to map | Dominican Republic | Malaysia
Dominican Republic

Dominican Republic

Malaysia

Malaysia

Restricted
Legal

The Dominican Republic has no specific cryptocurrency legislation. The central bank (BCRD) issued statements in 2017 and 2021 warning that crypto is not legal tender and prohibiting regulated financial institutions from dealing in digital assets under Monetary Law No. 183-02. Individual use is not criminalized but operates in a restricted gray area.

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 Unclear
Tax Type None
Tax Rate N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central de la República Dominicana (BCRD), SIMV
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • No specific cryptocurrency legislation exists
  • BCRD prohibits regulated financial institutions from dealing in crypto
  • Crypto is not recognized as legal tender
  • No licensing framework for crypto exchanges
  • Crypto gains treated as taxable income when converted to Dominican pesos
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