OKX Banner
BTC $73,924.00 (+1.78%)
ETH $2,025.94 (+2.05%)
BNB $684.20 (+8.24%)
XRP $1.34 (+3.26%)
SOL $82.56 (+2.24%)
TRX $0.34 (-0.70%)
DOGE $0.10 (+3.26%)
HYPE $67.57 (+8.14%)
LEO $10.06 (+1.18%)
RAIN $0.01 (-0.45%)
ADA $0.24 (+2.17%)
ZEC $524.69 (-1.05%)
XLM $0.25 (+24.07%)
XMR $380.98 (+5.90%)
LINK $9.19 (+4.13%)
BCH $305.24 (+1.82%)
CC $0.15 (+0.41%)
TON $1.77 (+3.08%)
HBAR $0.10 (+12.34%)
LTC $52.45 (+2.17%)

Azerbaijan vs India

Crypto regulation comparison

← Back to map | Azerbaijan | India
Azerbaijan

Azerbaijan

India

India

Partially Regulated
Legal

Azerbaijan has no specific cryptocurrency legislation but crypto is not banned. Crypto profits are taxable at 14% income tax. The Central Bank is drafting a comprehensive digital asset framework expected by end of 2025, modeled on international best practices. A regulatory sandbox is being developed.

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 Income
Tax Type Capital gains
Tax Rate 14%
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Central Bank of Azerbaijan
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • No specific crypto legislation; operates in legal gray area
  • Crypto profits taxable at 14% income tax
  • Central Bank drafting comprehensive digital asset framework
  • Manat is the only legal tender per 1995 Constitution
  • Regulatory sandbox being developed for virtual assets
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