BTC $67,830.00 (-0.04%)
ETH $1,962.94 (+0.21%)
XRP $1.43 (+0.74%)
BNB $627.35 (+2.40%)
SOL $84.44 (+1.25%)
TRX $0.28 (+0.41%)
DOGE $0.10 (+0.66%)
BCH $567.27 (+1.01%)
ADA $0.28 (+3.18%)
LEO $8.68 (+0.29%)
HYPE $30.26 (+2.82%)
LINK $8.90 (+2.96%)
XMR $331.06 (-0.65%)
CC $0.16 (+1.71%)
XLM $0.16 (+0.90%)
RAIN $0.01 (-1.43%)
ZEC $261.98 (-1.36%)
HBAR $0.10 (+1.46%)
LTC $55.17 (+3.13%)
AVAX $9.19 (+2.32%)

Egypt vs Japan

Crypto regulation comparison

← Back to map | Egypt | Japan
Egypt

Egypt

Japan

Japan

Restricted
Legal

Egypt heavily restricts cryptocurrency. The Central Bank of Egypt prohibits banks from dealing in or facilitating crypto transactions, and a 2018 Dar al-Ifta fatwa declared crypto trading haram. However, Egypt's 2020 banking law created a framework that could eventually allow regulated crypto under CBE licensing.

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 Central Bank of Egypt (CBE), Dar al-Ifta
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules Not applicable under current restrictions
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • CBE prohibits banks and financial institutions from dealing in cryptocurrency
  • Dar al-Ifta issued a 2018 religious ruling (fatwa) against crypto trading
  • 2020 Central Bank and Banking Sector Law requires CBE approval for any crypto activity
  • Creating or operating a crypto platform without CBE license is illegal
  • Despite restrictions, Egypt has significant peer-to-peer crypto activity
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