BTC $67,434.00 (+1.46%)
ETH $1,956.79 (+1.51%)
XRP $1.43 (+2.41%)
BNB $617.34 (+2.74%)
SOL $83.96 (+4.18%)
TRX $0.29 (+1.08%)
DOGE $0.10 (+3.59%)
BCH $557.59 (+1.15%)
ADA $0.29 (+6.43%)
LEO $8.70 (+0.19%)
HYPE $29.82 (+4.92%)
LINK $8.87 (+4.94%)
XMR $333.55 (+0.94%)
CC $0.16 (+1.51%)
XLM $0.16 (+2.68%)
RAIN $0.01 (-2.26%)
ZEC $260.49 (+0.04%)
HBAR $0.10 (+3.02%)
LTC $55.11 (+5.96%)
AVAX $9.12 (+3.08%)

Bangladesh vs India

Crypto regulation comparison

← Back to map | Bangladesh | India
Bangladesh

Bangladesh

India

India

Banned
Legal

Bangladesh effectively bans cryptocurrency. Bangladesh Bank issued warnings in 2017 citing anti-money laundering laws, and the Foreign Exchange Regulation Act 1947 prohibits unapproved digital currency transactions. Violations can result in imprisonment up to 12 years.

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 No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Bangladesh Bank
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules Not applicable; all crypto transactions are prohibited
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Bangladesh Bank issued a 2017 notice warning against crypto transactions
  • Foreign Exchange Regulation Act 1947 used to prohibit crypto dealings
  • Money Laundering Prevention Act 2012 applies to crypto-related activities
  • Penalties can include up to 10 years imprisonment and fines up to 3 million BDT
  • Despite the ban, some peer-to-peer trading occurs underground
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