Regulatory AlertsMyanmar: crypto & digital assets regulation
BannedMyanmar crypto ban under 2020 CBM Notification; strict prohibition on trading
- Lead regulator:
- Central Bank of Myanmar
- Key law:
- Central Bank of Myanmar Notification No. 9/2020
- Last updated:
- 2026-07-12
The Central Bank of Myanmar (CBM) has issued Notification No. 9/2020, which explicitly prohibits the use, purchase, sale, and transaction of digital currencies within Myanmar. This directive targets unauthorized individuals and entities engaging in cryptocurrency activities, including Bitcoin, Litecoin, and Ethereum.
The regulatory stance is one of strict prohibition rather than licensing or regulation. There is no established framework for VASP licensing or capital requirements, as the activity itself is deemed illegal under the current notification.
The jurisdiction remains in a state of ban with no recent indications of liberalization or the introduction of a regulated framework for digital assets.
Who regulates
Central Bank of Myanmar
Primary regulator issuing the prohibition notification
[1]
Core laws & rules
Central Bank of Myanmar Notification No. 9/2020 (2020)
A directive that prohibits unauthorized individuals and entities from trading, using, or transacting in digital currencies such as Bitcoin and Ethereum.
[1]
Restrictions & warnings
Unauthorized trading, use, purchase, and sale of digital currencies are explicitly prohibited.
[1]
Direction of travel
No current regulatory framework for licensing or regulated activity exists; the ban remains in effect.
Low confidence — verify with the regulator before relying on this.
Sources
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