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Learn More about buying Gala in Japan
How to buy Gala in Japan
Is Gala a good investment in Japan?
Gala Games is an emerging blockchain-based gaming platform that offers decentralized gaming solutions and monetization. This platform aims to lead the path of the gaming industry in a different direction. The goal of the Gala project is to remove the obstacles that players face in connection with the blockchain gaming platforms. Gala Games is one of the game ecosystems where you can earn money by playing games. Currently, this ecosystem hosts the largest network of gaming nodes in the world. The platform offers a network of player-owned blockchain games with a focus on community participation and decentralization. Gala (GALA) is a native token of the Gala Games platform and a token with the ERC-20 standard. Gala is recognized as the main digital asset and the most secure payment method in the Gala Games ecosystem. This token is used to purchase in-game items and payments, peer-to-peer payments, reward Gala node performers, etc.
What is Gala ?
GALA is the crypto symbol for the utility token used in the Gala Games, a blockchain ecosystem. GALA is recognized as the main digital asset and the most secure payment method in the Gala Games platform. By entering the GALA symbol in any exchange's cryptocurrency search field, you can quickly look up this cryptocurrency.
Learn more on Gala official website.
Is Gala legal to buy in Japan?
Yes. In Japan, cryptocurrency is considered legal and regulated under the Payment Services
Act, which was enacted in April 2017. The Act defines cryptocurrency as a form of property and
also recognizes cryptocurrency as a form of asset and allows individuals to buy, sell, and hold
cryptocurrency as a means of payment. In addition, cryptocurrency exchanges operating in
Japan are subject to government regulation and must comply with anti-money laundering act
(AML) and know-your-customer (KYC) regulations.
Is Gala taxed in Japan
Yes. According to the official Tax Answer No.1500 released by the Japanese National Tax
Agency (NTA), cryptocurrency is taxed in Japan as a form of property and profits obtained from
cryptocurrency trading will be treated as "miscellaneous income"(or zatsu-shotoku in
Japanese). This means that gains from selling cryptocurrencies will be taxed in a similar manner
to other sources of income, such as employment income. Individuals who trade
cryptocurrencies are subject to taxation on any capital gains they attain from selling their
cryptocurrency holdings. As per the Japanese Income Tax Law for Virtual Currencies, gains
from the sale of cryptocurrency are considered taxable income and may be subject to both
individual income tax and resident tax. In accordance with the two Tax Laws mentioned, the tax
rate for individuals can range from 5% to 55% depending on the amount of the gain, while the
resident tax rate is 10.21%.
After you've bought Gala in Japan
The GALA token serves as the main instrument and governance token for the Gala Games platform. Users receive rewards and pay fees with these tokens. This currency is in a very high safety position in terms of cryptography. Gala currency can be transferred between users of the ecosystem, and in a way, Gala Games users get power from it. You can also use GALA to trade and send money to friends and family globally. You may also trade GALA tokens for Tether (USDT), Binance USD (BUSD), Bitcoin (BTC), and Ethereum (ETH).
Who can buy Gala in Japan?
Anyone. It is worth noting that there is no specific requirement for citizenship or residency in
Japan for purchasing digital assets, so foreign individuals can also buy cryptocurrency in the
country. In order to buy cryptocurrency in Japan, it is advised to research and choose a
reputable cryptocurrency exchange that operates in Japan and supports the cryptocurrency you
want to purchase. For this matter, our exchange is legal, safe, and supports a wide range of any
desired cryptocurrency while providing you with various payment options to choose from like
Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal. Plus, we charge no
exchange fees for these secure transaction services.
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Frequently asked questions
The Gala Games network is designed to support the newest and most comprehensive Metaverse environments. It seeks to provide more fun games with blockchain technology. This means that you can play games to earn money. Allowing users to convert and trade their digital assets in and out of the gaming ecosystem is also another valuable feature of the platform. The major advantage of Gala is that it can incorporate a real economy into its games and developers can create items with real money value in multiple games using this technology. Nowadays platforms such as Gala have some big money-making games. In addition, Gala currencies can be sold on the open market.
Yes. According to the Virtual Currency Tax Guideline pamphlet by the Japanese National Tax
Agency (NTA), in Japan, using cryptocurrency to pay for goods or services is subject to
consumption tax (消費税). This tax is imposed on the value of the goods or services being
purchased, and the rate varies depending on the type of goods or services. For example, the
standard rate for most goods and services is 8%. This means that if you purchase an item for
100,000 yen and pay with cryptocurrency, you will be required to pay an additional 8,000 yen in
consumption tax. It’s important to note that the seller is responsible for collecting and remitting
the consumption tax to the government, but as a buyer, it’s good to be aware of this tax
According to the official Tax Answer No.1500 in Japan, there are currently no tax-free
cryptocurrency transactions. All cryptocurrency transactions, including buying, selling, and using
cryptocurrency to pay for goods or services, are subject to either capital gains tax or
consumption tax, or both. The Japanese National Tax Agency considers cryptocurrency to be a
form of property, and as such, any gains from selling cryptocurrency are taxed as capital gains.
Additionally, using cryptocurrency to purchase goods or services is subject to consumption tax.
It’s important to consult with a tax professional for more information on specific tax obligations
and to ensure compliance with Japan’s tax laws.
GALA is available for less than a dollar. It is not divided in units smaller than 1 GALA. Therefore, the smallest unit available to purchase would be 1 Gala coin. Using our exchange, you can begin purchasing GALA for just $10.
It’s difficult to estimate the exact number of people in Japan who own crypto assets, but it was
estimated by some sources that in Japan, about 4.0%, which would be around 5 million of its
population, owned some form of cryptocurrency. However, these numbers can change rapidly
due to frequent movements in the crypto market.
With the help of a GALA wallet. The wallet lets you see your balance, initiate transactions, and connect to other applications. The wallet is just a tool to manage all the various aspects of your account. To access your GALA wallet, you will need to know the private key that you get when you set up the wallet. If you are using a third-party wallet provider, then they manage the private key for you and provide security measures to keep those funds safe. Some of the safety features of your GALA wallet include: Two-factor authentication (2FA), The ability to lock and unlock withdrawals at will, multi-chain support and Customer support. You can also keep your GALA in your wallet on our exchange service. This can make trading simpler if you’re making short-term investments. Even though this wallet allows you to store your cryptocurrency, it is best to avoid using either the exchange wallet or the GALA wallet if you intend to hold GALA for a long time. A hardware wallet is the option that is the safest.