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Myanmar vs Sudan

Crypto regulation comparison

← Back to map | Myanmar | Sudan
Myanmar

Myanmar

Sudan

Sudan

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.

Sudan has a restrictive financial environment compounded by political instability and historical international sanctions. The central bank has warned against crypto use.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator Central Bank of Myanmar
Regulator Central Bank of Sudan
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No stablecoin regulation
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
  • Central bank has warned against cryptocurrency use
  • Political instability and conflict limit regulatory development
  • Historical international sanctions restrict financial access
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources