OKX Banner
BTC $66,233.00 (+0.91%)
ETH $1,919.45 (+0.38%)
BNB $572.83 (-0.20%)
XRP $1.16 (+3.64%)
SOL $77.81 (-0.31%)
TRX $0.33 (+0.58%)
HYPE $60.62 (-2.66%)
DOGE $0.07 (+0.44%)
RAIN $0.01 (-0.26%)
LEO $9.80 (+0.89%)
ZEC $535.57 (-3.12%)
XLM $0.19 (+2.37%)
XMR $347.07 (+2.77%)
ADA $0.17 (+2.44%)
LINK $8.62 (+0.00%)
CC $0.12 (+1.12%)
BCH $224.98 (+3.29%)
GRAM $1.53 (+6.01%)
LTC $47.34 (-0.13%)
USDG $1.00 (-0.06%)

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