Vavada Banner
BTC $73,006.00 (+0.61%)
ETH $2,247.61 (+1.23%)
XRP $1.36 (-0.19%)
BNB $607.14 (-0.22%)
SOL $85.00 (+0.15%)
TRX $0.32 (-0.50%)
DOGE $0.09 (-0.20%)
HYPE $41.52 (+3.78%)
ADA $0.26 (-1.11%)
LEO $10.12 (+0.19%)
BCH $444.59 (-0.05%)
LINK $9.11 (+0.08%)
XMR $344.29 (-0.82%)
ZEC $375.73 (+0.67%)
CC $0.15 (-4.10%)
XLM $0.16 (-1.31%)
M $2.75 (+5.13%)
LTC $55.08 (+0.16%)
AVAX $9.42 (-1.49%)
RAIN $0.01 (+2.88%)

Botswana vs India

Crypto regulation comparison

← Back to map | Botswana | India
Botswana

Botswana

India

India

Legal
Legal

Botswana passed the Virtual Assets Act in 2022, first African country to issue crypto licenses. NBFIRA supervises VASPs. 4 licensed entities as of 2024. Penalties up to P250,000 or 5 years imprisonment.

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 None
Tax Type Capital gains
Tax Rate N/A
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Virtual Assets Act enacted in 2022, effective Feb 22, 2022
  • First African country to issue crypto licenses via NBFIRA
  • 4 licensed VASPs as of December 2024
  • Bank of Botswana assesses domestic crypto risks as minimal
  • Unregistered crypto dealers face fines up to P250,000 or imprisonment
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