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Botswana vs Japan

Crypto regulation comparison

← Back to map | Botswana | Japan
Botswana

Botswana

Japan

Japan

Legal
Legal

Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.

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 None
Tax Type Income
Tax Rate N/A
Tax Rate 15-55%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules No stablecoin regulation
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • Virtual Assets Act enacted in 2022, effective Feb 22, 2022
  • First African country to issue crypto licenses via NBFIRA
  • 4 licensed VASPs as of December 2024
  • Bank of Botswana assesses domestic crypto risks as minimal
  • Unregistered crypto dealers face fines up to P250,000 or imprisonment
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