BTC $67,704.00 (-1.30%)
ETH $1,954.98 (-1.71%)
XRP $1.39 (-4.06%)
BNB $616.35 (-1.82%)
SOL $83.55 (-3.51%)
TRX $0.29 (+0.69%)
DOGE $0.10 (-4.22%)
BCH $569.22 (-0.72%)
ADA $0.27 (-3.89%)
LEO $8.16 (-3.50%)
HYPE $29.24 (-2.24%)
LINK $8.72 (-2.60%)
CC $0.16 (-1.70%)
XMR $321.68 (-1.78%)
XLM $0.15 (-5.68%)
RAIN $0.01 (+2.25%)
HBAR $0.10 (-2.96%)
LTC $53.38 (-4.19%)
ZEC $247.00 (-5.30%)
AVAX $8.89 (-4.20%)

Cuba vs India

Crypto regulation comparison

← Back to map | Cuba | India
Cuba

Cuba

India

India

Legal
Legal

Cuba's Central Bank issued Resolution 215/2021 recognizing virtual assets and establishing a licensing framework for virtual asset service providers (VASPs). The BCC evaluates and grants one-year licenses to VASPs. US sanctions limit access to international platforms but domestic crypto use is formally regulated.

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 Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Banco Central de Cuba (BCC)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Resolution 215 (2021) allows central bank to license virtual asset service providers
  • Central Bank licenses virtual asset service providers under Resolution 215
  • VASPs must comply with AML/KYC requirements and report to the central bank
  • US sanctions significantly limit access to international crypto platforms
  • Government agencies may not use virtual assets without BCC authorization
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