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Central African Republic vs India

Crypto regulation comparison

← Back to map | Central African Republic | India
Central African Republic

Central African Republic

India

India

Legal
Legal

The Central African Republic briefly adopted Bitcoin as legal tender in 2022 under the 'Sango' project, but this was struck down by the Constitutional Court. Crypto remains legal but the legal tender status was reversed.

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 BEAC (Bank of Central African States)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Bitcoin was briefly adopted as legal tender in 2022 via the Sango Act
  • Constitutional Court struck down the legal tender provision
  • Crypto trading and holding remain legal
  • BEAC opposed the Bitcoin legal tender move
  • Sango crypto hub project launched but has faced significant challenges
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