BTC $65,058.00 (+2.82%)
ETH $1,892.06 (+3.42%)
XRP $1.36 (+2.38%)
BNB $594.81 (+0.81%)
SOL $81.73 (+6.47%)
TRX $0.29 (+1.67%)
DOGE $0.09 (+1.17%)
BCH $493.86 (+1.99%)
ADA $0.27 (+3.06%)
LEO $8.75 (+9.61%)
HYPE $27.00 (+3.24%)
XMR $333.18 (+4.85%)
CC $0.16 (-0.07%)
LINK $8.43 (+3.24%)
XLM $0.15 (+1.45%)
RAIN $0.01 (+0.81%)
HBAR $0.10 (+2.90%)
LTC $52.48 (+3.68%)
ZEC $238.01 (+1.64%)
AVAX $8.52 (+3.08%)

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