BTC $67,831.00 (+1.30%)
ETH $1,958.10 (-0.74%)
XRP $1.42 (-0.32%)
BNB $612.26 (+0.38%)
SOL $83.35 (+1.53%)
TRX $0.28 (+1.18%)
DOGE $0.10 (+0.83%)
BCH $561.71 (+0.48%)
ADA $0.27 (-0.35%)
LEO $8.59 (-0.63%)
HYPE $29.34 (+2.26%)
XMR $333.37 (+1.95%)
LINK $8.63 (-0.71%)
CC $0.16 (-2.83%)
XLM $0.16 (+0.06%)
RAIN $0.01 (+3.55%)
ZEC $265.43 (+1.53%)
HBAR $0.10 (-0.44%)
LTC $53.41 (+0.06%)
AVAX $9.01 (+1.31%)

Myanmar vs Malaysia

Crypto regulation comparison

← Back to map | Myanmar | Malaysia
Myanmar

Myanmar

Malaysia

Malaysia

Banned
Legal

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.

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 N/A
Tax Rate 0%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Central Bank of Myanmar
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
  • 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
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