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Japan vs North Macedonia

Crypto regulation comparison

← Back to map | Japan | North Macedonia
Japan

Japan

North Macedonia

North Macedonia

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.

North Macedonia has no dedicated cryptocurrency legislation. Crypto is not prohibited and operates in a regulatory gray area. The general flat 10% income tax rate may apply to crypto profits. The government is working toward EU MiCA alignment and plans to license crypto exchanges by 2025-2026.

Tax Type Income
Tax Type Income
Tax Rate 15-55%
Tax Rate 10%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator National Bank of the Republic of North Macedonia
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 dedicated cryptocurrency legislation
  • Central bank has acknowledged crypto without banning it
  • General flat 10% personal income tax rate may apply to crypto profits
  • Government working toward licensing crypto exchanges by 2025-2026
  • Working toward EU candidacy and alignment with MiCA regulation
Sources
Sources