BTC $67,904.00 (+1.74%)
ETH $1,968.94 (+1.48%)
XRP $1.43 (+1.53%)
BNB $626.66 (+3.45%)
SOL $84.46 (+2.83%)
TRX $0.29 (+0.28%)
DOGE $0.10 (+2.48%)
BCH $558.39 (-0.43%)
ADA $0.28 (+4.99%)
LEO $8.69 (+0.12%)
HYPE $30.12 (+4.20%)
LINK $8.99 (+5.64%)
XMR $334.55 (-0.17%)
CC $0.16 (+2.63%)
XLM $0.16 (+2.02%)
RAIN $0.01 (-1.20%)
HBAR $0.10 (+2.74%)
ZEC $259.48 (-1.13%)
LTC $55.23 (+5.12%)
AVAX $9.15 (+3.14%)

Japan vs Montenegro

Crypto regulation comparison

← Back to map | Japan | Montenegro
Japan

Japan

Montenegro

Montenegro

Legal
Legal

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.

Montenegro has no specific crypto law but crypto is not prohibited. Working toward EU candidacy and potential MiCA alignment. Capital gains taxed under general provisions.

Tax Type Income
Tax Type Capital gains
Tax Rate 15-55%
Tax Rate 9-15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator Central Bank of Montenegro, Capital Market Authority
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Stablecoin Rules No specific stablecoin regulation
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
Key Points
  • No specific cryptocurrency legislation but crypto is legal
  • Working toward EU candidacy and MiCA alignment
  • Capital gains on crypto taxed at 9-15%
  • Central Bank has acknowledged crypto without banning it
  • Growing interest in crypto-friendly policies
Sources
Sources