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Myanmar vs South Sudan

Crypto regulation comparison

← Back to map | Myanmar | South Sudan
Myanmar

Myanmar

South Sudan

South Sudan

Banned
No Regulation

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.

South Sudan has no specific cryptocurrency regulation. Political instability and very limited infrastructure make crypto regulation a non-priority.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Central Bank of Myanmar
Regulator Bank of South 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
  • No specific cryptocurrency legislation
  • Political instability limits regulatory development
  • Very limited internet and financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources