BTC $66,880.00 (+0.77%)
ETH $1,939.92 (-0.79%)
XRP $1.41 (-1.96%)
BNB $604.07 (-0.90%)
SOL $81.81 (+0.74%)
TRX $0.28 (+1.52%)
DOGE $0.10 (-1.14%)
BCH $559.88 (+0.27%)
ADA $0.27 (-0.99%)
LEO $8.68 (+1.84%)
HYPE $28.73 (+0.51%)
XMR $333.36 (+0.06%)
LINK $8.51 (-1.51%)
CC $0.16 (-6.54%)
XLM $0.16 (-1.77%)
RAIN $0.01 (+1.63%)
ZEC $261.80 (-4.57%)
HBAR $0.10 (-1.61%)
LTC $52.60 (-1.62%)
AVAX $8.88 (-0.48%)

Ecuador vs Malaysia

Crypto regulation comparison

← Back to map | Ecuador | Malaysia
Ecuador

Ecuador

Malaysia

Malaysia

Partially Regulated
Legal

Ecuador has a complex relationship with cryptocurrency. A 2014 National Assembly resolution banned Bitcoin as legal tender, and the Central Bank prohibits financial institutions from dealing in crypto. However, private ownership and trading of crypto are not explicitly illegal, and peer-to-peer usage exists.

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 Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Banco Central del Ecuador, Superintendencia de Bancos
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • 2014 resolution prohibits crypto from being used as legal tender
  • Central Bank bans financial institutions from facilitating crypto transactions
  • Private ownership and P2P trading exist in a legal gray area
  • Ecuador uses the US dollar as its official currency, limiting monetary policy tools
  • No comprehensive crypto regulatory framework in place
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