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The Regulatory Framework of Digital Currencies in Malaysia: A Conceptual Paper

Table 2:

  Developing Countries Region Legal Banned Unregulated / not illegal Taxable Asset
1 Algeria Africa   ✔    
2 Argentina S Ame       ✔
3 Bahrain Africa   ✔    
4 Bangladesh Asia   ✔    
5 Bolivia S Ame   ✔    
6 Brazil S Ame       ✔
7 Cambodia Asia     ✔  
8 China Asia   ✔    
9 Columbia S Ame   ✔    
10 Ecuador S Ame   ✔    
11 Egypt Arab   ✔    
12 India Asia     ✔  
13 Indonesia Asia   ✔    
14 Iran Asia   ✔    
15 Iraq M East   ✔    
16 Jordan Arab     ✔  
17 Kazakhstan Asia ✔      
18 Kenya Africa     ✔  
19 Kuwait M East   ✔  
20 Kyrgyzstan Asia     ✔  
21 Lebanon Arab   ✔    
22 Malaysia Asia     ✔  
23 Maxico S Ame       ✔
24 Morocco Arab   ✔    
25 Namibia Africa   ✔    
26 Nigeria Africa     ✔  
27 Nepal Asia   ✔    
28 Pakistan Asia   ✔    
Developing Countries Region Legal Banned Unregulated / not illegal Taxable Asset
29 Philippines Asia     ✔  
30 Russia Europe ✔      
31 Saudi Arabia Arab   ✔    
32 South Africa Africa   ✔    
33 Thailand Asia   ✔    
34 Turkey Europe   ✔    
35 Uganda Africa     ✔  
36 Ukraine Europe     ✔  
37 United Arab Arab   ✔    
38 Uzbekistan Asia ✔      
39 Venezuela S Ame ✔      
40 Vietnam Asia     ✔  
41 Zimbabwe Africa     ✔  
42 Zambia Africa     ✔  
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