Crypto & Taxes – Incoming PhD Student in Japan

Hi everyone,

I’m moving to Japan for my PhD studies, While my main goal is my studies, I’m also open to the possibility of staying long-term if things go well.

I have a question about cryptocurrencies. I’ll be bringing some crypto with me from my home country.

* **Do I need to declare my crypto at customs upon arrival?**
* **Can I use crypto exchanges in Japan to convert my holdings to yen for living expenses? Do I need need some permission to be able to complete KYC procedures?**
* **Regarding taxes: Since I purchased the crypto outside of Japan, how do I handle the initial purchase price for tax purposes?**
* **Are there any taxes on bringing crypto into Japan? Is there a limit on the amount of cash (USD or other fiat currency) I can bring without declaring it?**

Any insights would be greatly appreciated!

by sasankhatibi

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