BTC $66,859.00 (-1.08%)
ETH $1,968.08 (-1.49%)
XRP $1.42 (-3.77%)
BNB $606.97 (-1.88%)
SOL $81.63 (-4.28%)
TRX $0.28 (-0.43%)
DOGE $0.10 (-2.71%)
BCH $556.05 (-1.15%)
ADA $0.27 (-2.98%)
LEO $8.64 (-0.56%)
HYPE $28.73 (-2.03%)
CC $0.16 (-2.16%)
LINK $8.65 (-2.66%)
XMR $326.51 (-2.00%)
XLM $0.16 (-2.95%)
RAIN $0.01 (-1.53%)
ZEC $263.96 (-10.92%)
HBAR $0.10 (-2.64%)
LTC $53.45 (-1.57%)
AVAX $8.90 (-2.32%)

Malaysia vs Uruguay

Crypto regulation comparison

← Back to map | Malaysia | Uruguay
Malaysia

Malaysia

Uruguay

Uruguay

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.

Uruguay has a generally favorable stance toward cryptocurrency. The BCU has not banned crypto and in 2024 introduced regulations for virtual asset service providers. Crypto income may be taxed at 12% under the IRPF (personal income tax) as capital income. Uruguay has a stable economy and is positioning itself as a fintech hub in Latin America.

Tax Type None
Tax Type Income
Tax Rate 0%
Tax Rate 12%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SC (Securities Commission Malaysia), BNM (Bank Negara Malaysia)
Regulator BCU (Banco Central del Uruguay)
Stablecoin Rules Digital assets on approved exchanges only; stablecoins not separately regulated
Stablecoin Rules No specific 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
  • BCU introduced VASP regulations in 2024
  • Crypto income taxed at 12% as capital income under IRPF
  • Crypto not classified as legal tender; peso remains the national currency
  • Uruguay has a relatively stable economy and favorable fintech environment
  • AML/KYC requirements apply to registered VASPs
Sources
Sources