OKX Banner
BTC $63,872.00 (-0.12%)
ETH $1,838.95 (-1.51%)
BNB $566.95 (-1.24%)
XRP $1.09 (-0.62%)
SOL $75.03 (-0.74%)
TRX $0.32 (-0.20%)
HYPE $59.78 (-2.78%)
DOGE $0.07 (-0.50%)
RAIN $0.01 (-3.37%)
ZEC $545.58 (+1.97%)
LEO $9.80 (-0.04%)
XLM $0.19 (+0.14%)
ADA $0.17 (+3.76%)
XMR $330.40 (-1.67%)
LINK $8.24 (-1.31%)
CC $0.13 (-2.93%)
BCH $218.99 (-2.02%)
GRAM $1.49 (-2.33%)
LTC $45.12 (-0.40%)
USDG $1.00 (-0.24%)

Andorra vs India

Crypto regulation comparison

← Back to map | Andorra | India
Andorra

Andorra

India

India

Legal
Legal

Andorra enacted the Digital Assets Act (Law 24/2022) providing a comprehensive framework for crypto. The AFA licenses exchanges, custodians, and stablecoin issuers. Aligning with EU MiCA.

India legalized crypto taxation in the 2022 Union Budget, imposing a flat 30% tax on all crypto gains with no deductions for losses. A 1% TDS (Tax Deducted at Source) on crypto transactions above thresholds also applies. The Supreme Court struck down the RBI's 2018 banking ban in 2020, and India is now developing a broader regulatory framework.

Tax Type Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Andorran Financial Authority (AFA)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules Regulated under Digital Assets Act with specific stablecoin licenses
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Digital Assets Act (Law 24/2022) effective Oct 2022
  • AFA licenses and regulates all digital asset service providers
  • Three categories of stablecoins with specific licensing requirements
  • Low electricity costs make mining attractive
  • Aligning regulations with EU MiCA framework
Key Points
  • Flat 30% tax on all crypto gains with no loss offset against other income (effective April 2022)
  • 1% TDS on crypto transactions above ₹10,000 (₹50,000 for specified persons)
  • Supreme Court struck down RBI's 2018 banking circular banning banks from serving crypto firms
  • FIU-IND requires VASPs to register and comply with PMLA (Prevention of Money Laundering Act)
  • India blocked non-compliant offshore exchanges (Binance, others) in 2024, later some re-registered
Sources
Sources
OKX Banner