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Algeria vs India

Crypto regulation comparison

← Back to map | Algeria | India
Algeria

Algeria

India

India

Banned
Legal

Algeria maintains one of the world's strictest cryptocurrency bans. Article 117 of the 2018 Finance Law prohibits the purchase, sale, use, and possession of virtual currencies. Law No. 25-10 (2025) further codified criminal penalties including imprisonment and fines for crypto-related activities.

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 No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator Bank of Algeria
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules All crypto activities banned including stablecoins
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • 2018 Finance Law (Article 117) prohibits purchase, sale, use, and holding of virtual currency
  • No licensed crypto exchanges operate in Algeria
  • Bank of Algeria has issued multiple warnings against cryptocurrency
  • Law No. 25-10 (2025) codifies prison sentences and fines for crypto offenses
  • Despite the ban, peer-to-peer crypto usage persists informally
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