BTC $67,700.00 (+1.06%)
ETH $1,969.62 (+1.16%)
XRP $1.42 (+0.59%)
BNB $628.06 (+3.28%)
SOL $84.41 (+2.99%)
TRX $0.29 (+0.32%)
DOGE $0.10 (+2.53%)
BCH $560.22 (+0.13%)
ADA $0.28 (+3.82%)
LEO $8.69 (+0.56%)
HYPE $30.05 (+2.82%)
LINK $8.91 (+4.35%)
CC $0.17 (+5.13%)
XMR $332.65 (-0.83%)
XLM $0.16 (+1.06%)
RAIN $0.01 (+0.02%)
HBAR $0.10 (+1.65%)
ZEC $258.75 (-2.43%)
LTC $55.09 (+4.79%)
AVAX $9.13 (+2.62%)

Dominican Republic vs Japan

Crypto regulation comparison

← Back to map | Dominican Republic | Japan
Dominican Republic

Dominican Republic

Japan

Japan

Restricted
Legal

The Dominican Republic has no specific cryptocurrency legislation. The central bank (BCRD) issued statements in 2017 and 2021 warning that crypto is not legal tender and prohibiting regulated financial institutions from dealing in digital assets under Monetary Law No. 183-02. Individual use is not criminalized but operates in a restricted gray area.

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 Yes Yes
Mining Yes Yes
Regulator Banco Central de la República Dominicana (BCRD), SIMV
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
  • No specific cryptocurrency legislation exists
  • BCRD prohibits regulated financial institutions from dealing in crypto
  • Crypto is not recognized as legal tender
  • No licensing framework for crypto exchanges
  • Crypto gains treated as taxable income when converted to Dominican pesos
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