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Japan vs Thailand

Crypto regulation comparison

← Back to map | Japan | Thailand
Japan

Japan

Thailand

Thailand

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.

Thailand has a comprehensive crypto regulatory framework under the Digital Asset Business Emergency Decree (2018). The SEC Thailand licenses digital asset exchanges, brokers, and dealers. Crypto gains are taxed at 15% withholding tax, though the government exempted VAT on crypto trading on authorized exchanges from 2022. Thailand has a well-developed exchange ecosystem with Bitkub as the dominant platform.

Tax Type Income
Tax Type Capital gains
Tax Rate 15-55%
Tax Rate 15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator FSA (Financial Services Agency), JVCEA
Regulator SEC Thailand, BOT (Bank of Thailand)
Stablecoin Rules 2022 stablecoin law requires issuers to be licensed banks, trust companies, or fund transfer agents
Stablecoin Rules SEC Thailand regulates digital tokens including stablecoins
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
  • Digital Asset Business Emergency Decree B.E. 2561 (2018) provides comprehensive regulation
  • SEC Thailand licenses exchanges, brokers, dealers, and fund managers for digital assets
  • 15% withholding tax on crypto gains; VAT exempted on authorized exchange trades since 2022
  • BOT restricts crypto for payments but allows it as an investment asset
  • Bitkub is the dominant exchange (~90% market share domestically)
Sources
Sources