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Honduras vs Japan

Crypto regulation comparison

← Back to map | Honduras | Japan
Honduras

Honduras

Japan

Japan

No Regulation
Legal

Honduras has no specific cryptocurrency legislation. The Central Bank and CNBS have issued warnings about crypto risks but have not banned it. The Special Economic Zone of Prospera on Roatán island adopted Bitcoin as legal tender in its jurisdiction, though this is a unique local arrangement.

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 BCH (Banco Central de Honduras), CNBS
Regulator FSA (Financial Services Agency), JVCEA
Stablecoin Rules No stablecoin-specific regulation
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Key Points
  • No national cryptocurrency legislation exists
  • BCH and CNBS issued warnings about risks but no formal ban
  • Prospera (ZEDE on Roatán) recognized Bitcoin as legal tender locally
  • Crypto use exists primarily through peer-to-peer channels
  • No specific tax guidance for cryptocurrency gains
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