Four PillarsFour PillarsAsia Digital Asset Policy Center

Topics · Safeguards · Integrity and protection

Sustainability and energy disclosure.

Mining's energy use has led some Asian markets to ban it and others to court it with cheap power.

Climate disclosure rules for issuers and platforms are only beginning to reach crypto.

By market · 29 sources across 11 markets

East Asia

  • China2 sources
    • Notice on Rectifying Virtual Currency Mining Activities (Fagai Yunxing [2021] No. 1283)In forceNational Development and Reform Commission (NDRC) and other departments · 24 Sep 2021

      Bans new mining projects and orders existing ones phased out; Notice No. 42 reaffirms it and bars sales of mining machines onshore.

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    • Liu He chairs the 51st meeting of the State Council Financial Stability and Development CommitteeGuidanceState Council of the PRC · 21 May 2021

      The top-level political signal to crack down on Bitcoin mining and trading, which set off the 2021 exodus of miners and exchanges.

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    China's full rulebook
  • South Korea1 source
    • Authorities Introduce Guidelines for Determining When Non-fungible Tokens Qualify as Virtual AssetsGuidanceFinancial Services Commission (FSC) · 10 Jun 2024

      Explains when NFTs issued in large series or used as payment fall under the User Protection Act as virtual assets.

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    South Korea's full rulebook

Southeast Asia

  • Malaysia1 source
    • Guidelines: Tax Treatment on Digital Currency Transaction (Second Edition)GuidanceInland Revenue Board of Malaysia (LHDN) · 5 Dec 2025

      Explains that gains are taxable only if revenue in nature, judged by the badges of trade, and that digital currency disposals fall outside capital gains tax. It also covers mining, payments received in crypto and airdrops.

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    Malaysia's full rulebook

South Asia

  • Bhutan1 source
    • Notification: RMA's Regulatory Stance on Crypto CurrencyGuidanceRoyal Monetary Authority of Bhutan (RMA) · 30 Apr 2025

      Allows crypto mining and exchanges only for GMC-registered entities under GMC's regulatory framework, and keeps crypto on-ramping through RMA-regulated domestic banks restricted.

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    Bhutan's full rulebook

Central Asia

  • Kazakhstan6 sources
    • Rules for conducting strategic digital mining (Government Resolution No. 638)In forceGovernment of Kazakhstan, via the Adilet legal information system · 18 Jul 2026

      Creates strategic digital miner status: approved miners get 10-year power contracts and contribute 10% of mined digital assets, net of the cost of electricity and its delivery, to the National Strategic Cryptoreserve.

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    • Regulation of the digital assets marketGuidanceNational Bank of Kazakhstan (NBK) · 1 May 2026

      The NBK's hub for the onshore regime: the legal basis, the three categories of service providers, mining licensing by the ministry, the sandbox and the crypto cards project.

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    • Tax Code of the Republic of KazakhstanIn forceParliament of Kazakhstan, via the Adilet legal information system · 1 Jan 2026

      The new Tax Code in force from 1 January 2026, which governs income tax on digital asset gains and the digital mining fee charged on electricity consumed.

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    • Law on amendments on artificial intelligence and digitalisation (No. 231-VIII)In forceParliament of Kazakhstan, via the Adilet legal information system · 17 Nov 2025

      Ended the AIFC's exclusive hold on mining and crypto circulation, allowing licensed companies and individual entrepreneurs across Kazakhstan to mine.

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    • Requirements for connecting digital miners to electricity networksIn forceMinistry of Energy (Order No. 275), via the Adilet legal information system · 25 Jul 2023

      Implementing rules under the Digital Assets Law on how licensed miners connect to the grid and buy power, the main lever the state uses over mining. Last amended in April 2026.

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    • Law on Digital Assets in the Republic of Kazakhstan (No. 193-VII)In forceParliament of Kazakhstan, via the Adilet legal information system · 6 Feb 2023

      The core statute: classifies digital assets, licenses digital mining and sets rules for their circulation. Signed 6 February 2023, effective 1 April 2023, and heavily amended in 2025 and 2026.

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    Kazakhstan's full rulebook
  • Kyrgyzstan6 sources
    • NAVA publishes draft rules on virtual asset licensing, stablecoins and RWA tokens for public commentConsultationNational Agency for Virtual Assets and Blockchain Technologies (NAVA) · 31 Jul 2026

      A draft presidential decree with seven annexed rules implementing the January 2026 amendments, covering licensing of exchanges and exchange offices, stablecoin and RWA token issuance, enforcement measures, a regulatory sandbox and mining certificates. Still listed as drafts on NAVA's site in October 2026.

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    • Law on amendments to the Law on Virtual Assets (No. 3)In forceJogorku Kenesh (Parliament), via the Ministry of Justice legal database · 19 Jan 2026

      Redefines stablecoins and adds RWA tokens, state cryptocurrency mining, a state cryptocurrency reserve and presidential power to set pilot regimes. It splits the authorities into a policy, regulation and licensing body named by the President and a supervision body named by the Cabinet. In force ten days after publication on 23 January 2026.

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    • Development and regulation of the virtual asset market in the Kyrgyz RepublicGuidanceFinancial Market Regulation and Supervision Service (FSA) · 20 Nov 2025

      Records registration of the gold-backed USDKG issue on 31 October 2025, 185 exchange office licences, 13 exchange licences, 10 mining certificates and KGS 2.04 billion of taxes paid.

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    • Procedure for registration and certification of mining activityIn forceCabinet of Ministers, published by the FSA · 10 Nov 2025

      How miners register and obtain a mining certificate, as amended in 2025; issued by the FSA until 2026 and now by NAVA, which has published a draft replacement.

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    • Law on Virtual Assets (No. 12)In forceJogorku Kenesh (Parliament), via the Ministry of Justice legal database · 21 Jan 2022

      The core statute defining virtual assets, service providers, issuance and mining, with licensing by the authorised body. Signed 21 January 2022, in force from July 2022; the link is the current edition as amended on 19 January 2026.

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    • Tax Code of the Kyrgyz RepublicIn forceJogorku Kenesh (Parliament), via the Ministry of Justice legal database · 18 Jan 2022

      Sets the mining tax at 10% of electricity charges, in place of profit tax, VAT and sales tax, and covers the taxation of virtual asset sales and service providers. Current edition of 6 August 2026.

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    Kyrgyzstan's full rulebook
  • Turkmenistan3 sources
    • Law of Turkmenistan on Virtual Assets (No. 180-VII), official Turkmen textIn forceMejlis of Turkmenistan, via the Supreme Court of Turkmenistan · 22 Nov 2025

      The full statute in Turkmen: defines virtual assets, mining and service providers, names the central bank as the authorised body and takes effect on 1 January 2026.

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    • Turkmenistan is purposefully working on implementing a virtual assets system and mining technologiesGuidanceState News Agency of Turkmenistan (Golden Age) · 22 Nov 2025

      Reports the 21 November 2025 government meeting at which the President approved the draft Roadmap for regulating virtual assets and introducing mining technologies in 2026 to 2030, covering legislation, energy and communications infrastructure, investment and pilot projects, and a proposal for a special State Commission.

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    • Mutual Evaluation Report of TurkmenistanGuidanceEurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) · 8 Jun 2023

      Adopted at the 38th EAG Plenary: found no registered VASPs, no VASP AML obligations and no legal basis for mining, and rated Recommendation 15 on new technologies partially compliant.

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    Turkmenistan's full rulebook
  • Uzbekistan6 sources
    • MiningGuidanceNational Agency of Perspective Projects (NAPP) · 5 Oct 2026

      Mining is for legal entities using solar power; grid power is billed at double the tariff and miners must register with NAPP. Mining is registered, not licensed.

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    • Resolution PP-143 on creating a special mining zone in the Republic of KarakalpakstanIn forcePresident of the Republic of Uzbekistan, via the National Database of Legislation (lex.uz) · 17 Apr 2026

      In force from 20 April 2026: makes Karakalpakstan the Besqala Mining Valley, exempts residents' mining income from taxes and fees until 1 January 2035 for a 1% monthly payment, and lets them sell mined crypto abroad with proceeds credited to Uzbek banks.

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    • Electronic Registry of Mining PermitsIn forceNational Agency of Perspective Projects (NAPP) · 19 Jan 2026

      Lists the only mining permit, M 001, issued to Nexagrid on 19 January 2026 (checked 5 October 2026).

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    • Regulation on the procedure for issuing permits for mining activity (No. 3461)In forceNational Agency of Perspective Projects (NAPP), via lex.uz · 29 Sep 2023

      In force from 3 October 2023: sets how legal entities apply online for a NAPP mining permit and the grounds for suspending or cancelling it.

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    • Regulation on fees for activities in the sphere of crypto-assets turnover (No. 3388)In forceNAPP, the Ministry of Finance and the State Tax Committee, via lex.uz · 28 Sep 2022

      Sets the monthly fees miners and providers pay in place of tax; amended in July 2026 to exempt Besqala Mining Valley residents until 2035.

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    • Resolution PP-3832 on measures to develop the digital economy and the sphere of crypto-assets turnover (unofficial English translation)In forcePresident of the Republic of Uzbekistan, via the National Database of Legislation (lex.uz) · 3 Jul 2018

      The founding act, as amended to April 2026: defines crypto-assets, service providers and mining, exempts crypto transactions from tax, and requires residents to deal only through national providers.

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    Uzbekistan's full rulebook

Middle East

  • Israel1 source
    • Income Tax Circular 05/2018: Taxation of activity in decentralised means of payment ("virtual currencies")In forceIsrael Tax Authority · 17 Jan 2018

      Treats virtual currency as an asset, not a currency, so gains are capital gains (25% base rate for individuals) unless the activity is a business; miners and traders may owe VAT (gov.il blocks automated checks; URL confirmed via search).

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    Israel's full rulebook
  • UAE1 source
    • VATP039: Crypto Currency Mining (VAT Public Clarification)GuidanceFederal Tax Authority (FTA) · Jan 2025

      Mining crypto for one's own account is outside the scope of VAT and its input tax is not recoverable, while mining for someone else is a taxable supply of services.

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    UAE's full rulebook

Oceania

  • Australia1 source
    • Project Acacia: RBA and DFCRC announce chosen industry participants and ASIC provides regulatory relief (25-129MR)GuidanceAustralian Securities and Investments Commission (ASIC) · 10 Jul 2025

      Selects 24 tokenised asset use cases (19 live pilots) across bonds, private markets and carbon credits, with ASIC relief so participants could trade real assets.

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    Australia's full rulebook

No dedicated rule found yet in 20 markets: