OKX Banner
BTC $77,282.00 (+0.15%)
ETH $2,112.75 (-0.43%)
BNB $661.61 (+0.25%)
XRP $1.36 (-0.49%)
SOL $85.67 (-0.89%)
TRX $0.37 (+0.57%)
DOGE $0.10 (-0.39%)
HYPE $63.41 (+1.00%)
ZEC $667.42 (+3.39%)
LEO $10.07 (+0.09%)
ADA $0.24 (-0.29%)
XMR $388.19 (-0.38%)
BCH $349.44 (-1.15%)
LINK $9.52 (-0.61%)
CC $0.17 (+0.52%)
XLM $0.15 (+1.15%)
TON $1.79 (+0.23%)
SUI $1.04 (-1.97%)
LTC $52.65 (-1.70%)
AVAX $9.36 (+0.28%)

Bahamas vs India

Crypto regulation comparison

← Back to map | Bahamas | India
Bahamas

Bahamas

India

India

Legal
Legal

The Bahamas enacted the Digital Assets and Registered Exchanges (DARE) Act in 2020, creating a comprehensive regulatory framework. The SCB oversees digital asset businesses. The Bahamas also launched the Sand Dollar CBDC.

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 No tax
Tax Type Capital gains
Tax Rate 0%
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Securities Commission of the Bahamas (SCB)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules Regulated under DARE Act 2024; algorithmic stablecoins banned
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • DARE Act (2020) provides comprehensive regulation for digital assets and exchanges
  • Securities Commission of the Bahamas licenses and supervises digital asset businesses
  • No income tax, capital gains tax, or crypto-specific taxes
  • Sand Dollar CBDC launched in 2020 as one of the world's first
  • FTX collapse in 2022 led to enhanced scrutiny and regulatory updates
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