Payment of Zakat on Cryptocurrency and Digital Assets is mandatory:

Cryptocurrency and digital assets are classified ál-Mal’(harta) as they possess qualities of ál-Mutaqawwim’ (of value). Therefore Zakat on them is mandatory as per general rulings on Zakat on wealth.

Cryptocurrency is not legal tender by Syariah or Malaysian law. However, it is classified as investment asset or security according to a Federal Government Gazette by the Ministry of Finance in 2019

Zakat being compulsory is not limited to cryptocurrency and digital assets traded on Digital Asset Exchange platforms registered with the Securities Commission of Malaysia only.

The method of assessing cryptocurrency and digital assets are as follows:

1. Cryptocurrency and digital assets are in the Úrud Tijarah
   through Qiyas interpretation follow the same Hukum
2. Cryptocurrency and digital assets are in the As-Sarf category and through Qiyas interpretation
   follow the same Hukum.

Reference: Decision by Selangor State Fatwa Committee dated 17 August 2021