BTC $67,969.00 (+1.53%)
ETH $1,965.28 (+0.89%)
XRP $1.43 (+1.60%)
BNB $625.26 (+2.98%)
SOL $84.45 (+2.62%)
TRX $0.29 (+0.11%)
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%)

Sri Lanka vs Malaysia

Crypto regulation comparison

← Back to map | Sri Lanka | Malaysia
Sri Lanka

Sri Lanka

Malaysia

Malaysia

Restricted
Legal

Sri Lanka has no specific cryptocurrency legislation. The CBSL has issued multiple warnings (2018, 2021, 2022, 2023) about crypto risks and has not authorized any entity to operate crypto exchanges, mining, or advisory services. Use of debit/credit cards for crypto is prohibited under the Foreign Exchange Act. The SEC has been discussed as a potential future regulator.

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 Central Bank of Sri Lanka, Securities and Exchange Commission
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • CBSL has issued repeated warnings about crypto risks (2018, 2021, 2022, 2023)
  • No entity authorized to operate crypto exchanges, mining, or advisory services
  • Use of debit/credit cards for crypto prohibited under Foreign Exchange Act
  • CBSL requested criminal proceedings against crypto pyramid schemes
  • SEC discussed as potential future regulatory authority for digital assets
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