I've been digging into how different countries tax cryptocurrencies, and honestly, the results were pretty surprising. Some places I assumed to be "pro-Bitcoin" actually impose quite heavy taxes on crypto activity. Here's a summary of what I found — feel free to correct me if I missed anything:

🇯🇵JP Japan: Crypto earnings are treated as miscellaneous income, subject to a progressive tax scale that can climb as high as 55%, making it particularly costly for active investors. This places Japan among the countries with the for crypto investors.


🇩🇰  Denmark: Crypto gains are often treated similarly to financial investments like stocks. Tax rates vary, but can go as high as 56%, depending on the individual's income bracket and the nature of the transaction.

🇮🇱  Israel: Interestingly, Israel applies a capital gains tax of up to 50% on profits from crypto transactions between individuals. However, there are ongoing discussions about offering tax exemptions or benefits specifically for foreign investors.

🇦🇺 Australia: Crypto is considered a taxable asset, and profits are taxed as personal income. Rates can reach up to 45%, although if the asset is held for more than a year, individuals may qualify for a 50% discount on the capital gains tax.

🇧🇷 Brazil (my country): Currently, there's a tax exemption for crypto transactions up to R$35,000 per month (roughly $6,000 USD). But starting next year, this is set to change — the government will begin imposing a 15% tax on all crypto gains, regardless of the amount.

It’s clear that while some countries publicly support blockchain and crypto innovation, their tax policies don’t always align with that stance. It’s a reminder that regulatory friendliness isn’t just about legal frameworks — it’s also about how much of your gains you’re allowed to keep.

Let me know if you'd like a similar breakdown of low-tax or tax-free crypto countries too.

I've been digging into how different countries tax cryptocurrencies, and honestly, the results were pretty surprising. Some places I assumed to be "pro-Bitcoin" actually impose quite heavy taxes on crypto activity. Here's a summary of what I found — feel free to correct me if I missed anything:

🇯🇵 Japan: Crypto earnings are treated as miscellaneous income, subject to a progressive tax scale that can climb as high as 55%, making it particularly costly for active investors. This places Japan among the countries with the for crypto investors.


🇩🇰 Denmark: Crypto gains are often treated similarly to financial investments like stocks. Tax rates vary, but can go as high as 56%, depending on the individual's income bracket and the nature of the transaction.

🇮🇱 Israel: Interestingly, Israel applies a capital gains tax of up to 50% on profits from crypto transactions between individuals. However, there are ongoing discussions about offering tax exemptions or benefits specifically for foreign investors.

🇦🇺 Australia: Crypto is considered a taxable asset, and profits are taxed as personal income. Rates can reach up to 45%, although if the asset is held for more than a year, individuals may qualify for a 50% discount on the capital gains tax.

🇧🇷 Brazil (my country): Currently, there's a tax exemption for crypto transactions up to R$35,000 per month (roughly $6,000 USD). But starting next year, this is set to change — the government will begin imposing a 15% tax on all crypto gains, regardless of the amount.

It’s clear that while some countries publicly support blockchain and crypto innovation, their tax policies don’t always align with that stance. It’s a reminder that regulatory friendliness isn’t just about legal frameworks — it’s also about how much of your gains you’re allowed to keep.

Let me know if you'd like a similar breakdown of low-tax or tax-free crypto countries too.