{ "jurisdiction_id": "MY", "jurisdiction": "Malaysia", "url": "https://cryptoassets.gi/jurisdictions/malaysia/", "generator": "render_jid v13.3.0", "date_modified": "2026-08-17", "schema_version": "crypto-v2.0.0", "counts": { "modules": 8, "sourced_findings": 14, "source_register": 8 }, "modules": [ { "code": "crypto_licensing", "name": "Crypto Licensing", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#crypto-licensing-crypto-licensing", "standing_position": "Malaysia regulates digital asset trading, fundraising and custody activity through the Securities Commission Malaysia (SC) under the Capital Markets and Services Act 2007 (CMSA), as extended by the Capital Markets and Services (Prescription of Securities)(Digital Currency and Digital Token) Order 2019. Operators of digital asset exchanges (DAX) must register as a Recognised Market Operator (RMO); issuers seeking to raise funds via token issuance must use a registered Initial Exchange Offering (IEO) platform. The regime is actively enforced, with several unregistered foreign exchanges (Binance, Huobi Global, Bybit) ordered to cease Malaysian operations.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "token_classification", "name": "Token Classification", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#token-classification-token-classification", "standing_position": "Malaysia's Prescription Order 2019 deems 'digital currency' and 'digital token' meeting prescribed criteria to be securities, bringing them under CMSA disclosure/registration rules. Tokens that do not meet the prescribed criteria (e.g. pure utility tokens) fall outside this prescribed-securities perimeter, creating an unclassified residual category. Privately issued stablecoins (e.g. the RMJDT ringgit-pegged token) currently sit outside any dedicated statutory token-classification test.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "on_chain_activity_regime", "name": "On-Chain Activity Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#on-chain-activity-regime-on-chain-activity-regime", "standing_position": "Malaysia's on-chain activity oversight is concentrated on fundraising/tokenisation via SC-registered Initial Exchange Offering (IEO) platforms. No SC or BNM instrument located during this research specifically addresses staking, DeFi lending, DEX operation, mining, node operation, or validator activity; these remain outside any identified dedicated regime as of the research date.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "stablecoin_regime", "name": "Stablecoin Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#stablecoin-regime-stablecoin-regime", "standing_position": "Malaysia has no finalised statutory stablecoin-issuance authorisation regime. BNM's Digital Asset Innovation Hub (DAIH) is onboarding a B2B ringgit stablecoin settlement pilot (Standard Chartered Malaysia / Capital A) and two tokenised-deposit pilots (Maybank, CIMB) in 2026, with BNM stating it intends to provide greater clarity on ringgit stablecoin and tokenised-deposit use by end-2026. Separately, a private ringgit-pegged stablecoin (RMJDT) has already launched without a dedicated BNM authorisation framework.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "consumer_protection", "name": "Consumer Protection", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#consumer-protection-consumer-protection", "standing_position": "SC enforcement practice shows consumer-protection levers operating through registration conditions: unregistered platforms are ordered to cease advertising/marketing to Malaysian investors, and the SC issues public advisories that trading on unregistered platforms is unprotected under securities law. No dedicated custody-segregation or complaint-handling instrument specific to digital assets was located during this research pass.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "tax_treatment", "name": "Tax Treatment", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#tax-treatment-tax-treatment", "standing_position": "No Malaysia-specific Inland Revenue Board (LHDN) guidance on the tax treatment of cryptocurrency transactions (capital gains, income tax characterisation of trading/staking/mining, VAT/GST, withholding, or reporting obligations) was located via this research pass. This module is flagged as a coverage gap pending primary-source escalation rather than a settled position.", "findings": [] }, { "code": "cross_border_transfer", "name": "Cross-Border Transfer", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#cross-border-transfer-cross-border-transfer", "standing_position": "Digital asset intermediaries in Malaysia must comply with BNM's Foreign Exchange Notices (e.g. Notice 4, Payment and Receipt) in addition to SC's digital-asset licensing regime; BNM has collaborated with SC to ensure digital asset intermediaries observe applicable foreign exchange measures. Crypto-assets themselves are not recognised as legal tender or a BNM-regulated payment instrument, so no crypto-specific cross-border payment corridor rule (distinct from general FX control) was identified.", "findings": [ { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null }, { "finding": null, "instrument_type": null, "source": null, "source_url": null, "source_tier": null, "retrieved_at": null } ] }, { "code": "aml_cft_regime", "name": "AML/CFT Regime", "confidence": null, "moved_this_cycle": false, "url": "https://cryptoassets.gi/jurisdictions/malaysia/#aml-cft-regime-aml-cft-regime", "standing_position": "AML/CFT obligations for crypto are governed by BNM under the Anti-Money Laundering and Counter-Financing of Terrorism Policy for Digital Currencies (2018), which designates crypto exchanges offering fiat-to-crypto and crypto-to-crypto services as 'reporting institutions'. Per fleet module-subscription rules, crypto AML/CFT claims are sourced via the FIM aml_ctf module rather than populated here; this entry is disambiguation context only.", "findings": [] } ] }