BTC $66,913.00 (-1.27%)
ETH $1,965.05 (-1.72%)
XRP $1.41 (-4.60%)
BNB $607.33 (-1.99%)
SOL $81.59 (-3.79%)
TRX $0.28 (+0.22%)
DOGE $0.10 (-2.82%)
BCH $549.48 (-1.87%)
ADA $0.27 (-3.44%)
LEO $8.66 (+3.09%)
HYPE $28.54 (-1.83%)
LINK $8.60 (-2.97%)
CC $0.16 (-3.36%)
XMR $327.35 (-4.28%)
XLM $0.16 (-4.41%)
RAIN $0.01 (-4.83%)
ZEC $257.12 (-9.58%)
HBAR $0.10 (-3.04%)
LTC $52.85 (-2.13%)
AVAX $8.84 (-2.85%)

Mongolia vs Malaysia

Crypto regulation comparison

← Back to map | Mongolia | Malaysia
Mongolia

Mongolia

Malaysia

Malaysia

Legal
Legal

Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.

Cryptocurrency is legal and regulated in Malaysia. The Securities Commission oversees digital asset exchanges (DAX) and initial exchange offerings under the Capital Markets and Services (Prescription of Securities) Order 2019. Only SC-approved exchanges can operate. Malaysia does not impose capital gains tax on crypto for individuals, though frequent trading may be classified as business income.

Tax Type Income
Tax Type None
Tax Rate 10-25%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Financial Regulatory Commission (FRC) of Mongolia
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Key Points
  • Law on Virtual Asset Service Providers (VPSP) adopted December 2021
  • FRC registers and supervises crypto exchanges under VPSP law
  • Over 12 licensed exchanges serving 850,000+ customers
  • Crypto exchange income is taxable and exempt from VAT
  • Mongolia launched blockchain-based OTC securities trading in 2025
Key Points
  • Digital asset exchanges must be registered and approved by the Securities Commission
  • Only approved tokens can be listed on registered exchanges (e.g., BTC, ETH, XRP on approved list)
  • No capital gains tax for individuals; frequent trading may be treated as business income
  • BNM regulates crypto for AML/CFT purposes under the Anti-Money Laundering Act
  • IEOs must be conducted through SC-approved platforms
Sources
Sources