Haiti vs Myanmar
Crypto regulation comparison
Haiti
Myanmar
No Regulation
Banned
Haiti has no cryptocurrency regulation. The central bank has not issued specific guidance on crypto. Political and economic instability has limited any regulatory development.
Myanmar's Central Bank issued Notification No. 9/2020 prohibiting the sale, purchase, and exchange of unregulated digital currencies. Violations are prosecuted under the Anti-Money Laundering Law and Financial Institutions Law with penalties including imprisonment and fines. Despite the ban, underground stablecoin usage persists, particularly USDT.
Tax Type
None
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
No
Regulator
Banque de la République d'Haïti (BRH)
Regulator
Central Bank of Myanmar
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
No stablecoin regulation
Key Points
- No specific cryptocurrency legislation
- Central bank has not issued specific crypto guidance
- Political and economic instability limits regulatory development
- Crypto used informally, especially for remittances
- Limited infrastructure for formal crypto services
Key Points
- CBM Notification No. 9/2020 prohibits sale, purchase, and exchange of digital currencies
- Violations prosecuted under Anti-Money Laundering Law and Financial Institutions Law
- Financial institutions banned from dealing in digital currencies
- CBM is exploring a central bank digital currency (digital kyat)
- Underground stablecoin (USDT) usage persists despite ban