Roobet Banner
BTC $79,944.00 (-0.71%)
ETH $2,315.09 (-1.44%)
BNB $741.89 (-0.02%)
XRP $1.29 (-0.45%)
SOL $100.44 (-1.23%)
TRX $0.33 (-0.14%)
ZEC $1,228.94 (+0.54%)
HYPE $78.96 (+2.29%)
DOGE $0.08 (+0.05%)
XMR $594.40 (-0.54%)
LINK $11.39 (-0.79%)
LEO $8.99 (-0.04%)
ADA $0.21 (-0.11%)
XLM $0.17 (-0.44%)
NEAR $4.49 (-1.91%)
BCH $278.36 (-0.97%)
RAIN $0.01 (-7.34%)
UNI $7.07 (+1.35%)
LTC $56.32 (-1.31%)
CC $0.10 (-2.96%)

Cuba vs India

Crypto regulation comparison

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