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Colombia vs Japan

Crypto regulation comparison

← Back to map | Colombia | Japan
Colombia

Colombia

Japan

Japan

Legal
Legal

Cryptocurrency is legal in Colombia but not recognized as legal tender or currency. The SFC has run regulatory sandbox programs for crypto-financial services, and exchanges operate under general business registration. Colombia has high crypto adoption, particularly for remittances and as an inflation hedge.

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 Capital gains
Tax Type Income
Tax Rate 0-39%
Tax Rate 15-55%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SFC (Superintendencia Financiera de Colombia), DIAN
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules No specific stablecoin regulations yet
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • Crypto is legal but not recognized as currency or legal tender
  • SFC operates regulatory sandboxes allowing banks to partner with crypto exchanges
  • DIAN (tax authority) requires reporting and taxation of crypto gains as part of general income
  • Colombia ranks among the top 20 countries globally in crypto adoption
  • No comprehensive crypto-specific legislation yet; regulation evolving
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