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.
| Status | Banned |
| Risk Score | 90/100 (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 banned cryptocurrency transactions (2020); military junta reinforced ban (2022) |
| Ease | very_complex |
No detailed enforcement information available
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| 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 |
Mining is banned by the Central Bank and military authorities. Electricity cost is low but infrastructure and political instability hinder mining operations.
| Stability | very_unstable |
| Sanctions | Yes |
| Corruption Index | 22/100 |
| Banking Access | very_restricted |
Risk Factors
Myanmar remains under military rule with ongoing sanctions and severe restrictions on internet and banking access, creating a hostile environment for crypto businesses.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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