Brunei

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Brunei's central bank says cryptocurrencies are not legal tender and not regulated, so users have no legal protection.

There is no dedicated crypto regime to follow in Brunei yet. We keep it on the map and will open a full rulebook when that changes.

Nearby markets at a glance

How the markets Four Pillars tracks in full across Southeast Asia stand on the questions people ask about Brunei, each linked to its full rulebook.

Market	Exchanges	Stablecoins	Tokenisation	Retail	Tax
SingaporeAn early crypto licensing pioneer that now curbs retail speculation, builds tokenisation rails and is drafting stablecoin law.	Comprehensive	Developing	Comprehensive	Partial	Comprehensive
ThailandAn early crypto licensing regime that welcomes onshore trading, bars crypto payments and now blocks unlicensed offshore platforms.	Comprehensive	Developing	Partial	Comprehensive	Comprehensive
VietnamVietnam legalised crypto assets in 2025 and built a five-licence pilot, but by October 2026 no exchange had been licensed.	Developing	Prohibited	Restricted	Restricted	Partial
MalaysiaMalaysia regulates crypto as securities: five SC-registered exchanges, offshore giants shut out, and BNM piloting ringgit stablecoins.	Comprehensive	Developing	Developing	Comprehensive	Partial
IndonesiaA commodity market turned financial market: OJK now licenses the full crypto stack and 23 million accounts trade onshore.	Comprehensive	Developing	Developing	Comprehensive	Comprehensive
PhilippinesAn early crypto licensor that shut the door: BSP has frozen new VASP licences since 2022 while the SEC builds a parallel regime.	Partial	Developing	Developing	Comprehensive	Developing
CambodiaFrom a 2018 ban on unlicensed crypto to bank rules and a US$10M exchange licence, with a full digital asset law due by end-2026.	Developing	Developing	Developing	Restricted	Developing