GLOBAL DIGITAL ASSET REGULATIONS AND TAXES

Switzerland

Apply securities regulations to regulate digital assets No tax imposed on retail investors

US

Apply securities regulations and personal income tax to regulate digital assets Highest tax rate capped at 37%

Britain

No regulation in place, but emphasis on anti-money-laundering procedure Personal income tax applied to retail investors, but an exemption up to £42,500 is allowed Highest tax rate capped at 20%

China

Trading bitcoin in China is technically illegal, and the government banned initial coin offerings in 2017

Japan

Bitcoin a legal tender as of April 2017 Digital exchanges are legal if they are registered with the Japanese Financial Services Agency Levy on profits from virtual money runs from 15-55%. The top amount applies to people with annual earnings of ¥40 million

South Korea

Bitcoin not a legal tender Digital exchanges are legal, but use of anonymous bank accounts for virtual coin trading is prohibited. Exchanges need to register with South Korea's Financial Services Commission

India

Bitcoin not a legal tender Digital exchanges are legal; the government has not yet regulated exchanges but has issued cautions

Singapore

Bitcoin not a legal tender Digital exchanges are legal, but may fall under regulatory purview of the Monetary Authority of Singapore

Thailand

Digital asset decree effective since May 14. Awaiting organic law for details on investment limits and qualifications Retail investors required to pay a 15% withholding tax on capital gains and benefits from digital asset transactions Firms making digital-asset-related trades are liable for a 7% value-added tax payment from the transaction value, on top of the 15% withholding tax