BTC $69,270.00 (+7.48%)
ETH $2,073.19 (+11.49%)
XRP $1.46 (+7.66%)
BNB $632.08 (+7.33%)
SOL $89.75 (+14.01%)
TRX $0.29 (+0.88%)
DOGE $0.10 (+12.99%)
ADA $0.31 (+18.41%)
BCH $514.72 (+6.51%)
LEO $8.76 (+3.63%)
HYPE $28.65 (+5.35%)
LINK $9.43 (+14.34%)
XMR $340.83 (+4.56%)
CC $0.16 (+1.83%)
XLM $0.17 (+10.68%)
RAIN $0.01 (+1.88%)
HBAR $0.11 (+9.94%)
LTC $58.01 (+12.62%)
ZEC $256.84 (+4.27%)
AVAX $9.69 (+15.90%)

Japan vs Nigeria

Crypto regulation comparison

← Back to map | Japan | Nigeria
Japan

Japan

Nigeria

Nigeria

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.

Nigeria has the highest crypto adoption rate in Africa and among the highest globally. After the CBN banned banks from servicing crypto exchanges in 2021 (driving activity to P2P), the ban was lifted in December 2023. The SEC Nigeria now regulates digital asset exchanges and issuances under its Accelerated Regulatory Incubation Programme (ARIP). Nigeria's progressive rates up to 25% applies to crypto disposals.

Tax Type Income
Tax Type Capital gains
Tax Rate 15-55%
Tax Rate Progressive: up to 25% (individuals) / 30% (companies)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator SEC Nigeria, CBN (Central Bank of Nigeria)
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Stablecoin Rules Stablecoins subject to SEC digital asset rules
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
  • CBN lifted the 2021 banking ban on crypto in December 2023
  • SEC Nigeria oversees VASPs under the Investments and Securities Act and ARIP
  • Progressive rates up to 25% applies to profits from crypto asset disposals according to Nigeria Tax Act 2025 (eff. Jan 2026)
  • Nigeria ranks among the top 5 globally for crypto adoption (Chainalysis index)
  • P2P trading dominates the market; Binance and other platforms face regulatory scrutiny
Sources
Sources