BTC $66,367.00 (-1.04%)
ETH $1,924.69 (-2.53%)
XRP $1.39 (-4.63%)
BNB $600.34 (-2.48%)
SOL $80.45 (-2.16%)
TRX $0.28 (+0.81%)
DOGE $0.10 (-3.23%)
BCH $550.85 (-1.47%)
ADA $0.27 (-3.96%)
LEO $8.69 (+1.94%)
HYPE $28.44 (-2.07%)
XMR $329.79 (-2.21%)
LINK $8.44 (-3.45%)
CC $0.16 (-5.78%)
XLM $0.16 (-4.23%)
RAIN $0.01 (-0.88%)
ZEC $260.13 (-7.52%)
HBAR $0.10 (-3.83%)
LTC $51.91 (-4.28%)
AVAX $8.83 (-2.17%)

Cambodia vs Malaysia

Crypto regulation comparison

← Back to map | Cambodia | Malaysia
Cambodia

Cambodia

Malaysia

Malaysia

Restricted
Legal

Cambodia has a restrictive stance on cryptocurrency. The National Bank of Cambodia prohibits banks and financial institutions from dealing in crypto, and unlicensed crypto businesses are illegal. However, the government has shown interest in blockchain technology and launched Bakong, a CBDC-like payment system.

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 National Bank of Cambodia (NBC), SERC
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules Bakong (CBDC) promoted as alternative; private stablecoins not specifically regulated
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • NBC issued a 2018 directive prohibiting banks from dealing in cryptocurrency
  • Unlicensed crypto exchanges and trading platforms are banned
  • Bakong digital payment system launched in 2020 using blockchain technology
  • SERC (Securities and Exchange Regulator) has discussed regulating crypto as digital assets
  • Despite restrictions, peer-to-peer crypto usage remains significant
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