BTC $67,857.00 (+1.05%)
ETH $1,960.79 (-1.11%)
XRP $1.42 (-0.57%)
BNB $611.25 (-0.15%)
SOL $83.71 (+1.51%)
TRX $0.28 (+1.26%)
DOGE $0.10 (+0.44%)
BCH $561.82 (-0.18%)
ADA $0.27 (-0.66%)
LEO $8.58 (-0.47%)
HYPE $29.21 (+0.99%)
XMR $333.56 (+1.44%)
LINK $8.65 (-0.69%)
CC $0.16 (-2.44%)
XLM $0.16 (-0.13%)
RAIN $0.01 (+3.15%)
ZEC $263.31 (+0.72%)
HBAR $0.10 (-0.61%)
LTC $53.58 (+0.55%)
AVAX $9.15 (+2.83%)

Malaysia vs Senegal

Crypto regulation comparison

← Back to map | Malaysia | Senegal
Malaysia

Malaysia

Senegal

Senegal

Legal
No Regulation

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.

Senegal has no specific national cryptocurrency legislation. As a WAEMU member, the BCEAO does not recognize crypto as legal tender and has issued warnings about risks. Crypto is not illegal but operates without legal protection. BCEAO tightened foreign exchange controls in 2024, and fintech firms now require licenses under BCEAO Instruction 001-01-2024.

Tax Type None
Tax Type None
Tax Rate 0%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Regulator BCEAO (Central Bank of West African States)
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Stablecoin Rules No stablecoin regulation
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
  • No specific national cryptocurrency legislation
  • Crypto not illegal but BCEAO has issued warnings about risks
  • Part of the WAEMU monetary zone using the CFA franc
  • BCEAO tightened foreign exchange controls and AML requirements in 2024
  • Fintech firms now require BCEAO licenses under Instruction 001-01-2024
Sources
Sources