BTC $67,830.00 (-0.04%)
ETH $1,962.94 (+0.21%)
XRP $1.43 (+0.74%)
BNB $627.35 (+2.40%)
SOL $84.44 (+1.25%)
TRX $0.28 (+0.41%)
DOGE $0.10 (+0.66%)
BCH $567.27 (+1.01%)
ADA $0.28 (+3.18%)
LEO $8.68 (+0.29%)
HYPE $30.26 (+2.82%)
LINK $8.90 (+2.96%)
XMR $331.06 (-0.65%)
CC $0.16 (+1.71%)
XLM $0.16 (+0.90%)
RAIN $0.01 (-1.43%)
ZEC $261.98 (-1.36%)
HBAR $0.10 (+1.46%)
LTC $55.17 (+3.13%)
AVAX $9.19 (+2.32%)

Malaysia vs Pakistan

Crypto regulation comparison

← Back to map | Malaysia | Pakistan
Malaysia

Malaysia

Pakistan

Pakistan

Legal
Restricted

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.

Pakistan has a hostile regulatory environment for cryptocurrency. The State Bank of Pakistan has prohibited financial institutions from facilitating crypto transactions, and the government has considered outright bans. Despite this, Pakistan has high informal crypto adoption, ranking among the top countries for P2P crypto volume. The SECP has explored blockchain regulation but no licensing framework exists for exchanges.

Tax Type None
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Regulator SBP (State Bank of Pakistan), SECP
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Stablecoin Rules No regulation; SBP has not authorized any crypto activities
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
Key Points
  • SBP prohibits banks and financial institutions from processing crypto transactions
  • No licensing framework for crypto exchanges; operating informally is risky
  • High P2P crypto adoption despite regulatory hostility
  • Government has considered formal banning legislation multiple times
  • SECP has explored digital asset regulation but no framework enacted
Sources
Sources