BTC $68,183.00 (+2.05%)
ETH $1,967.17 (+0.20%)
XRP $1.42 (+0.58%)
BNB $613.21 (+1.12%)
SOL $84.17 (+3.68%)
TRX $0.28 (+1.30%)
DOGE $0.10 (+1.78%)
BCH $555.78 (+1.64%)
ADA $0.28 (+1.31%)
LEO $8.58 (-0.80%)
HYPE $29.35 (+2.45%)
XMR $338.23 (+3.98%)
LINK $8.69 (+0.94%)
CC $0.16 (-1.51%)
XLM $0.16 (+1.08%)
RAIN $0.01 (+0.98%)
ZEC $262.53 (+1.66%)
HBAR $0.10 (+1.20%)
LTC $54.02 (+2.28%)
AVAX $9.28 (+5.01%)

Japan vs Namibia

Crypto regulation comparison

← Back to map | Japan | Namibia
Japan

Japan

Namibia

Namibia

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.

Namibia enacted the Virtual Assets Act (Act 10 of 2023) establishing a comprehensive licensing framework for VASPs. The Bank of Namibia is designated as regulator. Crypto is legal but not legal tender. No specific crypto tax framework yet.

Tax Type Income
Tax Type No framework
Tax Rate 15-55%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator Bank of Namibia
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Stablecoin Rules Regulated under Virtual Assets Act
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
  • Virtual Assets Act (Act 10 of 2023) signed into law July 2023
  • VASPs must obtain licenses from Bank of Namibia to operate
  • Provisional licenses granted to first two exchanges in 2025
  • Non-compliance penalties up to NAD 10 million and 10 years imprisonment
  • Crypto is not legal tender but merchants may accept at their discretion
Sources
Sources