Myanmar has banned all cryptocurrency activities under CBM Directive 9/2020, with the Central Bank of Myanmar reiterating the ban as recently as November 2025. The draft Anti-Online Fraud Bill proposes severe penalties including life imprisonment or death for crypto fraud.
| Status | Banned |
| Risk Score | 100/100 (Very High Risk) |
| Region | southeast asia |
| Currency | MMK |
| Capital Gains (Personal) | N/A |
| Capital Gains (Corporate) | N/A |
| VAT on Crypto | No |
| Staking Tax | N/A |
| Airdrop Tax | N/A |
No crypto-specific tax guidance available.
| Required | No |
| Regulator | CBM |
| Framework | CBM Directive 9/2020 (May 2020) bans all crypto; CBM warning reiterated November 16, 2025; Anti-Online Fraud Bill (draft, May 2026) proposes life imprisonment/death penalty for crypto fraud |
| 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 | Yes |
| 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 has banned all cryptocurrency activities under CBM Directive 9/2020, with the Central Bank of Myanmar reiterating the ban as recently as November 2025. The draft Anti-Online Fraud Bill proposes severe penalties including life imprisonment or death for crypto fraud.
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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