Myanmar prohibits trading in cryptocurrencies. Central Bank of Myanmar Notification No. 9/2020 (May 2020) bars all persons in Myanmar from selling, buying or exchanging unregulated digital currencies such as Bitcoin and Ethereum, and a CBM public notice of 24 May 2024 reiterated the ban with penalties under the Central Bank of Myanmar Law, the Anti-Money Laundering Law and the Financial Institutions Law.
| Status | Banned |
| Risk Score | 100/100 (Very High Risk) |
| Region | southeast asia |
| Currency | MMK |
| Capital Gains (Personal) | Crypto trading is prohibited; no crypto tax rules. General capital gains tax for individuals is 10% |
| Capital Gains (Corporate) | 10% general capital gains tax (40% to 50% for the oil and gas sector) |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto tax rules, as crypto trading is prohibited. General capital gains tax is 10% for individuals and companies (40% to 50% in the oil and gas sector).
| Required | No |
| Regulator | CBM |
| Framework | CBM Notification No. 9/2020 (May 2020) prohibiting trading in unregulated digital currencies; CBM public notice of 24 May 2024 reiterating the ban |
| Ease | very_complex |
No detailed enforcement information available
| Status | Research |
| Name | Myanmar CBDC |
| Issuing Authority | The Central Bank of Myanmar (CBM) |
| Model | retail |
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | blacklisted |
| FATF Body | APG |
| Suspicious-Activity Reporting | No |
Status: Banned
Status: Banned
Status: Banned
| Legal | No |
| Electricity Cost | $0.045/kWh |
| Renewable Energy | 40% |
| Infrastructure | poor |
Crypto mining is banned in Myanmar. Electricity cost is low but infrastructure quality is poor, and the tropical climate increases cooling costs.
| Stability | very_unstable |
| Sanctions | No |
| Corruption Index | 28/100 |
| Banking Access | very_restricted |
| Sanctions Program Active | No |
Risk Factors
Myanmar remains highly unstable politically with ongoing military control and civil unrest. Crypto activities are banned and banking access for crypto companies is very restricted.
Recent Political Events
Myanmar prohibits trading in cryptocurrencies. Central Bank of Myanmar Notification No. 9/2020 (May 2020) bars all persons in Myanmar from selling, buying or exchanging unregulated digital currencies such as Bitcoin and Ethereum, and a CBM public notice of 24 May 2024 reiterated the ban with penalties under the Central Bank of Myanmar Law, the Anti-Money Laundering Law and the Financial Institutions Law.
Myanmar is classified by FATF as: blacklisted.
KYC is not universally mandated.
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Explore IT Services →Last reviewed: 2026-09-18 · Data source: Soken Crypto Legal Map
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