BTC $68,055.00 (+0.46%)
ETH $1,975.84 (+0.78%)
XRP $1.42 (-0.44%)
BNB $621.74 (-0.60%)
SOL $85.22 (+1.31%)
TRX $0.29 (+1.30%)
DOGE $0.10 (-2.56%)
BCH $572.57 (+1.57%)
ADA $0.28 (-1.75%)
LEO $8.16 (-5.99%)
HYPE $29.59 (-2.32%)
LINK $8.85 (-0.20%)
CC $0.16 (-0.15%)
XMR $321.19 (-2.56%)
XLM $0.15 (-4.09%)
RAIN $0.01 (-1.88%)
HBAR $0.10 (-0.53%)
ZEC $254.92 (-2.63%)
LTC $54.58 (-1.02%)
AVAX $9.00 (-1.51%)

Myanmar vs Timor-Leste

Crypto regulation comparison

← Back to map | Myanmar | Timor-Leste
Myanmar

Myanmar

Timor-Leste

Timor-Leste

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.

Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.

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 Banco Central de Timor-Leste
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
  • Uses the US dollar as official currency
  • Central bank has not addressed crypto regulation
  • Very limited financial infrastructure
  • Minimal crypto adoption
Sources
Sources