BTC $67,975.00 (+0.41%)
ETH $1,971.60 (+0.61%)
XRP $1.42 (-0.24%)
BNB $620.80 (-0.84%)
SOL $85.09 (+0.90%)
TRX $0.29 (+1.42%)
DOGE $0.10 (-2.51%)
BCH $567.20 (+0.48%)
ADA $0.28 (-2.04%)
LEO $8.24 (-3.01%)
HYPE $29.62 (-2.20%)
LINK $8.85 (-0.16%)
CC $0.16 (-0.03%)
XMR $325.05 (-1.65%)
XLM $0.16 (-3.88%)
RAIN $0.01 (-1.93%)
HBAR $0.10 (-1.07%)
ZEC $255.37 (-2.62%)
LTC $54.48 (-0.90%)
AVAX $9.04 (-1.27%)

Ghana vs Japan

Crypto regulation comparison

← Back to map | Ghana | Japan
Ghana

Ghana

Japan

Japan

No Regulation
Legal

Ghana has no specific cryptocurrency legislation. The Bank of Ghana has warned citizens about the risks of crypto but has not imposed an outright ban. SEC Ghana has indicated plans to develop a regulatory framework for digital assets, and the country has one of Africa's growing crypto communities.

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 Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Bank of Ghana (BoG), SEC Ghana
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules No stablecoin regulation; Bank of Ghana exploring e-Cedi CBDC
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • No specific cryptocurrency legislation or regulatory framework exists
  • Bank of Ghana issued warnings about crypto risks but has not banned it
  • SEC Ghana has expressed interest in developing a digital asset framework
  • Ghana has high crypto adoption relative to its economy, particularly for P2P trading
  • Bank of Ghana has been piloting the e-Cedi CBDC
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