BTC $69,222.00 (+7.44%)
ETH $2,078.01 (+11.84%)
XRP $1.47 (+7.94%)
BNB $632.31 (+7.44%)
SOL $89.83 (+14.17%)
TRX $0.29 (+0.92%)
DOGE $0.10 (+13.04%)
ADA $0.31 (+18.28%)
BCH $514.71 (+6.68%)
LEO $8.76 (+3.65%)
HYPE $28.69 (+5.36%)
LINK $9.45 (+14.66%)
XMR $340.88 (+4.45%)
CC $0.16 (+2.35%)
XLM $0.17 (+10.85%)
RAIN $0.01 (+2.60%)
HBAR $0.11 (+10.10%)
LTC $58.12 (+13.02%)
ZEC $256.70 (+4.25%)
AVAX $9.71 (+16.20%)

Japan vs Mexico

Crypto regulation comparison

← Back to map | Japan | Mexico
Japan

Japan

Mexico

Mexico

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.

Mexico regulates cryptocurrency under the 2018 Fintech Law (Ley Fintech), one of Latin America's first comprehensive crypto regulatory frameworks. The CNBV licenses fintech institutions including crypto exchanges. However, Banxico has restricted financial institutions from offering crypto services directly to customers. Crypto gains are taxed as income at progressive rates.

Tax Type Income
Tax Type Capital gains
Tax Rate 15-55%
Tax Rate 1.92-35%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator CNBV, Banxico (Bank of Mexico), SHCP
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Stablecoin Rules Virtual assets regulated under Fintech Law; Banxico restricts banks from offering crypto to clients
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
  • Fintech Law (2018) regulates virtual asset operations through licensed ITFs (Fintech Institutions)
  • CNBV (National Banking and Securities Commission) oversees licensing and compliance
  • Banxico issued rules restricting banks from offering crypto to clients directly
  • Crypto gains taxed as 'other income' (otros ingresos) at progressive rates up to 35%
  • Mexico has high crypto adoption driven by remittances and unbanked population
Sources
Sources