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Barbados vs Japan

Crypto regulation comparison

← Back to map | Barbados | Japan
Barbados

Barbados

Japan

Japan

Legal
Legal

Barbados has a favorable environment for cryptocurrency. With no income or capital gains tax, crypto activities are not specifically taxed. The Financial Services Commission oversees financial markets. Barbados has been exploring blockchain for government services.

Japan is one of the world's most comprehensively regulated crypto markets. The Payment Services Act and Financial Instruments and Exchange Act govern crypto exchanges and tokens. Japan classifies crypto as "crypto-assets" and taxes gains as miscellaneous income at rates up to 55%, though reforms to lower this rate are under active discussion.

Tax Type No tax
Tax Type Income
Tax Rate 0%
Tax Rate 15-55%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Barbados, Financial Services Commission
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • No income tax or capital gains tax applies to crypto
  • Financial Services Commission provides general oversight of financial markets
  • Government has explored blockchain for land registry and identity services
  • Crypto businesses operate under general financial services regulations
  • Growing fintech sector with interest in digital asset innovation
Key Points
  • Crypto exchanges must register with the FSA under the Payment Services Act
  • Crypto gains taxed as miscellaneous income at up to 55% (national + local tax)
  • Japan's self-regulatory body JVCEA sets industry standards for exchanges
  • 2022 stablecoin legislation (revised Payment Services Act) regulates stablecoin issuance
  • Government considering tax reform to apply a flat 20% separate taxation on crypto gains
Sources
Sources