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XRP $1.43 (+1.60%)
BNB $625.26 (+2.98%)
SOL $84.45 (+2.62%)
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DOGE $0.10 (+2.03%)
BCH $562.06 (+0.22%)
ADA $0.28 (+4.50%)
LEO $8.70 (+0.28%)
HYPE $30.21 (+4.23%)
LINK $8.95 (+4.54%)
XMR $332.40 (-1.59%)
CC $0.16 (+0.17%)
XLM $0.16 (+2.44%)
RAIN $0.01 (-1.75%)
HBAR $0.10 (+2.45%)
ZEC $258.72 (-1.61%)
LTC $55.23 (+4.83%)
AVAX $9.15 (+2.82%)

Kuwait vs Malaysia

Crypto regulation comparison

← Back to map | Kuwait | Malaysia
Kuwait

Kuwait

Malaysia

Malaysia

Restricted
Legal

Kuwait has taken a restrictive approach to cryptocurrency. The Central Bank of Kuwait and the Capital Markets Authority have prohibited banks and financial institutions from processing crypto transactions. There is no licensing framework for crypto exchanges. However, owning crypto is not explicitly illegal, and there is no personal income tax in Kuwait, so no crypto-specific tax applies.

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 None
Tax Type None
Tax Rate 0%
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBK (Central Bank of Kuwait), CMA
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
  • CBK prohibits banks and financial institutions from dealing in virtual currencies
  • No licensing framework exists for crypto exchanges or VASPs
  • Personal ownership of crypto is not explicitly criminalized
  • No personal income or capital gains tax in Kuwait applies to crypto
  • CMA has warned investors about the risks of cryptocurrency
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