BTC $68,312.00 (+0.78%)
ETH $1,979.99 (+0.35%)
XRP $1.44 (+1.34%)
BNB $626.14 (-0.31%)
SOL $85.74 (+1.59%)
TRX $0.29 (+1.28%)
DOGE $0.10 (-1.24%)
BCH $564.49 (+0.91%)
ADA $0.28 (-1.27%)
LEO $8.40 (-3.33%)
HYPE $29.72 (-0.85%)
LINK $8.90 (-0.13%)
CC $0.16 (-3.10%)
XMR $327.51 (-1.77%)
XLM $0.16 (+0.36%)
RAIN $0.01 (-1.55%)
ZEC $261.65 (+0.78%)
HBAR $0.10 (+0.20%)
LTC $55.13 (+0.07%)
AVAX $9.19 (+0.70%)

Malaysia vs Turkey

Crypto regulation comparison

← Back to map | Malaysia | Turkey
Malaysia

Malaysia

Turkey

Turkey

Legal
Legal

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.

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 0%
Tax Rate 0% (legislation pending)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Regulator CMB (Capital Markets Board), CBRT (Central Bank), MASAK
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Stablecoin Rules Under development; CBRT banned crypto for payments
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
  • 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