BTC $66,862.00 (+0.80%)
ETH $1,946.81 (0.00%)
XRP $1.40 (-0.89%)
BNB $606.26 (+0.31%)
SOL $82.24 (+1.12%)
TRX $0.29 (+2.34%)
DOGE $0.10 (-0.23%)
BCH $560.41 (+0.84%)
ADA $0.27 (-0.06%)
LEO $8.67 (+1.78%)
HYPE $28.92 (+0.95%)
XMR $335.10 (+1.47%)
LINK $8.53 (-0.45%)
CC $0.16 (-4.84%)
XLM $0.16 (-1.91%)
RAIN $0.01 (+0.97%)
ZEC $262.29 (-0.41%)
HBAR $0.10 (-1.69%)
LTC $52.64 (-0.91%)
AVAX $8.90 (+0.64%)

Iceland vs Malaysia

Crypto regulation comparison

← Back to map | Iceland | Malaysia
Iceland

Iceland

Malaysia

Malaysia

Legal
Legal

Cryptocurrency is legal in Iceland and subject to a 22% capital gains tax. Iceland is a major crypto mining destination due to abundant geothermal and hydroelectric energy. As an EEA member, Iceland follows EU financial regulations including MiCA through EEA incorporation.

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 22%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FME (Fjármálaeftirlitið / Financial Supervisory Authority), Central Bank of Iceland
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules No specific stablecoin regulation; follows EEA guidelines
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • 22% capital gains tax on crypto profits
  • Iceland is one of the world's largest crypto mining locations due to cheap renewable energy
  • FME supervises crypto businesses under AML/KYC regulations
  • As an EEA member, Iceland incorporates EU financial regulations including MiCA
  • Capital controls (imposed 2008-2017) originally complicated crypto usage but have been lifted
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