BTC $63,149.00 (-3.32%)
ETH $1,825.25 (-2.58%)
XRP $1.33 (-1.96%)
BNB $589.90 (-1.25%)
SOL $76.58 (-2.35%)
TRX $0.28 (-2.10%)
DOGE $0.09 (-3.13%)
BCH $483.53 (-10.87%)
ADA $0.26 (-3.14%)
LEO $7.73 (-3.23%)
HYPE $26.14 (-5.67%)
CC $0.16 (-1.26%)
LINK $8.17 (-1.67%)
XMR $314.39 (+0.50%)
XLM $0.15 (-2.34%)
RAIN $0.01 (-1.41%)
HBAR $0.09 (-2.59%)
LTC $50.46 (-2.53%)
ZEC $232.64 (-4.97%)
AVAX $8.25 (-3.21%)

Myanmar vs Pakistan

Crypto regulation comparison

← Back to map | Myanmar | Pakistan
Myanmar

Myanmar

Pakistan

Pakistan

Banned
Restricted

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.

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining Yes Yes
Regulator Central Bank of Myanmar
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
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
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources