OKX Banner
BTC $63,870.00 (+0.19%)
ETH $1,840.35 (-1.11%)
BNB $567.78 (-0.64%)
XRP $1.09 (+0.27%)
SOL $75.03 (-0.23%)
TRX $0.32 (-0.08%)
HYPE $59.81 (-2.37%)
DOGE $0.07 (+0.40%)
RAIN $0.01 (-3.04%)
ZEC $544.87 (+3.25%)
LEO $9.80 (-0.01%)
XLM $0.19 (+0.96%)
ADA $0.17 (+4.11%)
XMR $330.76 (-1.25%)
LINK $8.26 (-0.76%)
CC $0.13 (-1.61%)
BCH $219.68 (-1.13%)
GRAM $1.50 (-1.38%)
LTC $45.10 (+0.53%)
USDG $1.00 (-0.05%)

Estonia vs India

Crypto regulation comparison

← Back to map | Estonia | India
Estonia

Estonia

India

India

Legal
Legal

Estonia was an early mover in crypto regulation, offering licenses since 2017. However, a 2022 overhaul significantly tightened requirements, revoking hundreds of licenses and imposing stricter capital and compliance standards. Crypto gains are taxed at 20% (rising to 22% from 2025).

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 Capital gains
Tax Type Capital gains
Tax Rate 20-22%
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator Finantsinspektsioon (EFSA), Rahapesu Andmebüroo (FIU)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Estonia issued crypto licenses since 2017 but drastically tightened rules in 2022
  • Hundreds of crypto licenses were revoked in 2020-2022 due to AML concerns
  • New requirements include higher share capital (€100,000-€250,000) and local management
  • Crypto gains taxed at 20% personal income tax (22% from 2025)
  • MiCA framework applicable from December 2024
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