Roobet Banner
BTC $81,179.00 (-4.06%)
ETH $2,379.73 (-4.43%)
BNB $729.43 (-2.61%)
XRP $1.30 (-6.16%)
SOL $103.24 (-4.36%)
TRX $0.33 (-0.97%)
ZEC $1,210.53 (-9.99%)
HYPE $77.20 (-4.94%)
DOGE $0.08 (-5.57%)
XMR $600.61 (-2.14%)
LINK $11.89 (-6.05%)
LEO $8.96 (-0.88%)
ADA $0.21 (-7.58%)
NEAR $4.87 (-7.60%)
XLM $0.17 (-5.53%)
RAIN $0.01 (-6.41%)
BCH $272.99 (-5.27%)
LTC $58.46 (-5.61%)
UNI $7.00 (-7.71%)
CC $0.10 (-11.38%)

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
Roobet Banner