BTC $66,887.00 (+1.46%)
ETH $1,937.05 (+0.61%)
XRP $1.39 (-0.38%)
BNB $605.48 (+0.96%)
SOL $82.42 (+2.80%)
TRX $0.29 (+1.97%)
DOGE $0.10 (-0.39%)
BCH $543.70 (+0.54%)
ADA $0.27 (+1.16%)
LEO $8.71 (+0.34%)
HYPE $28.68 (+3.03%)
XMR $330.54 (+0.35%)
LINK $8.52 (+1.09%)
CC $0.16 (-1.06%)
XLM $0.16 (+0.41%)
RAIN $0.01 (-1.29%)
ZEC $255.06 (-0.83%)
HBAR $0.10 (+1.03%)
LTC $53.32 (+2.58%)
AVAX $9.00 (+3.44%)

Myanmar vs Turkey

Crypto regulation comparison

← Back to map | Myanmar | Turkey
Myanmar

Myanmar

Turkey

Turkey

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.

Turkey has one of the highest crypto adoption rates globally, driven by lira depreciation and high inflation. While crypto ownership is legal, the CBRT banned crypto payments in April 2021. In 2024, Turkey passed comprehensive crypto legislation under the Capital Markets Law amendment, giving the CMB authority to license and regulate crypto asset service providers. No crypto-specific tax exists yet, though legislation is under consideration. MASAK (Financial Crimes Investigation Board) oversees AML compliance.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate 0% (legislation pending)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Central Bank of Myanmar
Regulator CMB (Capital Markets Board), CBRT (Central Bank), MASAK
Stablecoin Rules No stablecoin regulation
Stablecoin Rules Under development; CBRT banned crypto for payments
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
  • 2024 Capital Markets Law amendment gives CMB authority to license crypto platforms
  • CBRT banned the use of crypto assets for payments in April 2021
  • No crypto-specific tax currently; capital gains tax legislation under discussion
  • MASAK enforces AML/KYC requirements on crypto platforms
  • Turkey ranks among top 5 globally for crypto adoption (driven by lira depreciation)
Sources
Sources