Maldives
MaldivesNot active
The Maldives Monetary Authority has said since 2018 that no party is permitted to transact in cryptocurrencies.
There is no dedicated crypto regime to follow in Maldives 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 South Asia stand on the questions people ask about Maldives, each linked to its full rulebook.
| Market | Exchanges | Stablecoins | Tokenisation | Retail | Tax |
|---|---|---|---|---|---|
| IndiaRegulation by tax and AML: crypto is legal, heavily taxed and FIU-registered, but India still has no licensing law. | Partial | Restricted | Restricted | Partial | Comprehensive |
| PakistanFrom a 2018 banking ban to a full licensing law: PVARA now regulates a market the government puts at over 40 million users. | Partial | Developing | Developing | Partial | Developing |
| BhutanA hydro-powered bitcoin miner that walls crypto off: licensed activity lives only in Gelephu Mindfulness City, and home banks stay closed. | Partial | Partial | Partial | Restricted | Partial |
India
Pakistan
Bhutan
BangladeshNot active
Sri LankaNot active
NepalNot active
AfghanistanNot active