OKX Banner
BTC $64,409.00 (+0.60%)
ETH $1,850.16 (+0.40%)
BNB $571.36 (+0.98%)
XRP $1.09 (+0.02%)
SOL $75.28 (+0.09%)
TRX $0.32 (+0.31%)
HYPE $59.79 (-1.00%)
DOGE $0.07 (-0.30%)
ZEC $559.93 (+1.87%)
RAIN $0.01 (-2.37%)
LEO $9.79 (-0.17%)
XLM $0.19 (+0.44%)
XMR $333.02 (+2.02%)
LINK $8.29 (+0.74%)
ADA $0.17 (-0.08%)
CC $0.13 (-2.39%)
BCH $220.75 (+0.68%)
GRAM $1.47 (-4.17%)
LTC $47.42 (+5.54%)
USDG $1.00 (-0.37%)

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