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 | ✔ |