Malaysia Cryptocurrency Trading Volume Surpasses $4 Billion Amid Sharia Compliance Expansion

Malaysia has emerged as one of the most open cryptocurrency markets among Islamic nations, according to Ublockchain, based on clear regulations and Sharia standards. The Sharia Advisory Committee under Malaysia Securities Commission approved major cryptocurrencies including BTC, ETH, XRP, and XLM for Sharia-compliant status from 2020 through mid-2026. As of mid-2026, ten digital asset businesses have received regulatory approval. In 2025, trading volume on regulated exchanges in Malaysia grew by 23% year-on-year to surpass $4 billion, representing about 2.5% of the local stock market's trading scale. Banking sector support remains limited to transaction services for licensed entities.