BTC $67,409.00 (-1.63%)
ETH $1,943.32 (-2.25%)
XRP $1.39 (-3.99%)
BNB $612.16 (-2.33%)
SOL $83.28 (-3.40%)
TRX $0.29 (+0.55%)
DOGE $0.10 (-4.46%)
BCH $566.40 (+0.26%)
ADA $0.27 (-3.67%)
LEO $8.20 (-1.58%)
HYPE $28.76 (-3.65%)
LINK $8.64 (-3.28%)
CC $0.16 (-0.04%)
XMR $323.51 (-1.35%)
XLM $0.16 (-5.06%)
RAIN $0.01 (+1.02%)
HBAR $0.10 (-2.87%)
LTC $53.20 (-3.63%)
ZEC $242.54 (-6.60%)
AVAX $8.82 (-4.78%)

Bangladesh vs Japan

Crypto regulation comparison

← Back to map | Bangladesh | Japan
Bangladesh

Bangladesh

Japan

Japan

Banned
Legal

Bangladesh effectively bans cryptocurrency. Bangladesh Bank issued warnings in 2017 citing anti-money laundering laws, and the Foreign Exchange Regulation Act 1947 prohibits unapproved digital currency transactions. Violations can result in imprisonment up to 12 years.

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 Unclear
Tax Type Income
Tax Rate N/A
Tax Rate 15-55%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Bangladesh Bank
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules Not applicable; all crypto transactions are prohibited
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • Bangladesh Bank issued a 2017 notice warning against crypto transactions
  • Foreign Exchange Regulation Act 1947 used to prohibit crypto dealings
  • Money Laundering Prevention Act 2012 applies to crypto-related activities
  • Penalties can include up to 10 years imprisonment and fines up to 3 million BDT
  • Despite the ban, some peer-to-peer trading occurs underground
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