BTC $66,873.00 (+0.86%)
ETH $1,946.24 (+0.15%)
XRP $1.41 (-0.86%)
BNB $607.57 (+0.58%)
SOL $82.03 (+0.98%)
TRX $0.28 (+2.05%)
DOGE $0.10 (-0.64%)
BCH $560.25 (+1.46%)
ADA $0.27 (-0.52%)
LEO $8.68 (+1.90%)
HYPE $29.13 (+1.99%)
XMR $335.56 (+2.89%)
LINK $8.52 (-0.55%)
CC $0.16 (-5.88%)
XLM $0.16 (-1.31%)
RAIN $0.01 (+1.87%)
ZEC $263.69 (-1.12%)
HBAR $0.10 (-1.05%)
LTC $52.53 (-1.17%)
AVAX $8.89 (+0.41%)

Malaysia vs Uganda

Crypto regulation comparison

← Back to map | Malaysia | Uganda
Malaysia

Malaysia

Uganda

Uganda

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.

Uganda restricts cryptocurrency. The Bank of Uganda issued a 2022 circular (NPSD 306) barring licensed payment service providers from facilitating crypto transactions. A 2023 High Court ruling upheld the circular, declaring cryptocurrencies illegal under the National Payment Systems Act 2020. No crypto exchanges are licensed to operate. Informal P2P crypto activity exists despite restrictions.

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 BOU (Bank of Uganda), CMA Uganda
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Stablecoin Rules No 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
  • BOU Circular NPSD 306 (April 2022) bars licensed entities from facilitating crypto
  • 2023 High Court ruled cryptocurrencies illegal under National Payment Systems Act 2020
  • Growing crypto adoption, particularly for cross-border transactions
  • No specific crypto taxation rules
  • Financial Intelligence Authority requires VASPs to comply with AML laws
Sources
Sources