Myanmar

Cryptocurrency transactions and mining are banned in Myanmar, with the Central Bank of Myanmar issuing a ban in 2020 and the military junta reinforcing it in 2022. There is no indication of legal frameworks supporting crypto activities.

Overview

Status	Banned
Risk Score	100/100 (Very High Risk)
Region	southeast asia
Currency	MMK

Tax Information

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.

Licensing & Registration

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

Enforcement Activity

Level: Low

No detailed enforcement information available

AML / KYC

KYC Required	No
Travel Rule	No
FATF Member	Yes
FATF Status	blacklisted
FATF Body	APG
Suspicious-Activity Reporting	No

DeFi, Stablecoins & NFTs

Status: Banned

Stablecoins

Status: Banned

NFTs

Status: Banned

Mining

Legal	No
Electricity Cost	$0.045/kWh
Renewable Energy	40%
Infrastructure	poor

Mining is banned by the Central Bank and military authorities. Electricity cost is low but infrastructure and political instability hinder mining operations.

Geopolitical Risk

Stability	very_unstable
Sanctions	Yes
Corruption Index	22/100
Banking Access	very_restricted

Risk Factors

Active civil war: junta controls ~21% of territory, resistance forces ~42%, rest contested
5.2 million displaced, 15,000+ killed in 2025
7.7 magnitude earthquake March 2025 compounded humanitarian crisis
Currency (kyat) collapse; forced conscription introduced 2024
Internet censorship; frequent shutdowns
FATF blacklisted alongside Iran and North Korea since October 2022
Junta-controlled sham elections held December 2025 - January 2026
Draft Anti-Online Fraud Bill (May 2026) proposes death penalty for scam coercion