Is it necessary to report profits from overseas exchanges for cryptocurrency?

Yes, profits from overseas exchanges must be reported according to Japanese tax laws, just like domestic exchanges. Many people misunderstand this, so it's important to be aware.

What kind of company is Clabo Inc.?

Clabo Inc. conducts research and provides information for cryptocurrency users, contributing to the healthy development of the market.

40% Misunderstand 'Overseas Not Applicable': Survey on Cryptocurrency Overseas Transaction Declaration

Q: Why is the reporting of profits from overseas exchanges delayed?

The main reasons are the misconception that 'it is treated differently from domestic exchanges' and the complexity of converting foreign currency profits into Japanese yen.

Published Mar 31, 2026 7:10 PM ・ Updated Jun 14, 2026 12:07 AM ・ 5 min read ・ Source: PR TIMES

Clabo Inc. conducted a survey targeting 234 cryptocurrency users, revealing that 75% of overseas exchange users have not completed profit declarations. Misconceptions like 'overseas is not applicable' and the complexity of JPY conversion are key factors, highlighting challenges for a healthy market.

Clabo Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Ikuma Ueno) conducted a survey on the 'Declaration Status of Profits from Overseas Exchanges' targeting 234 cryptocurrency users.

The survey results revealed that while 75.0% of respondents have experience using overseas exchanges, only 31.6% have completed all declarations in the year they made profits.

Behind the undeclared profits, 42.3% had the misconception that 'it's treated differently from domestic exchanges,' and the complexity of 'Japanese Yen conversion' unique to overseas transactions emerged as a significant barrier deterring declaration willingness.

This report thoroughly analyzes the psychological barriers of the 'aware but undeclared' group, particularly prominent among active generations in their 30s and 40s, and the 'declaration necessity check' truly sought by holders, detailing challenges for healthy market formation.

Check the full survey results

Survey Overview Survey Date: February 24, 2026 Survey Method: Internet survey Target Audience: Men and women residing in Japan (with experience using overseas exchanges) Valid Responses: 234 people Implementing Organization: Clabo Inc.

Survey Content

75% have experience, active generations are mainstream

### High level of experience: 3 out of 4 people

We conducted a detailed survey on the usage of overseas exchanges, targeting 312 users who have experience with cryptocurrency transactions.

The results showed that 234 people, or 75% of the total, responded that they 'have used' overseas exchanges, indicating a very high penetration rate.

Notably, 47.4% responded that they 'are currently using' overseas exchanges, highlighting a user profile where overseas bases are utilized as a daily trading venue, not just domestic exchanges.

On the other hand, only 25.0% responded that they 'have never used' overseas exchanges, revealing that 3 out of 4 investors have accessed the global market at least once.

Overseas exchanges offer attractive options for holders, such as a diverse range of altcoins not available domestically, high-performance charts, and flexible leverage settings.

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Source: PR TIMES
Category: Survey

40% Misunderstand 'Overseas Not Applicable': Survey on Cryptocurrency Overseas Transaction Declaration

⚡ Key Points

Survey Overview Survey Date: February 24, 2026 Survey Method: Internet survey Target Audience: Men and women residing in Japan (with experience using overseas exchanges) Valid Responses: 234 people Implementing Organization: Clabo Inc.

Survey Content

75% have experience, active generations are mainstream

FACT BOX

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