Roobet Banner
BTC $81,728.00 (-1.11%)
ETH $2,398.15 (-1.16%)
BNB $728.72 (+0.18%)
XRP $1.30 (-0.77%)
SOL $105.00 (-0.43%)
TRX $0.33 (-0.27%)
ZEC $1,145.72 (-2.67%)
HYPE $79.14 (-0.33%)
DOGE $0.08 (-0.70%)
XMR $601.05 (+0.81%)
LINK $12.03 (-1.60%)
LEO $9.02 (-0.16%)
ADA $0.22 (-1.96%)
NEAR $4.85 (-3.68%)
XLM $0.18 (-1.15%)
RAIN $0.01 (-5.78%)
BCH $279.02 (+0.50%)
LTC $59.52 (-0.11%)
UNI $7.27 (-0.43%)
AVAX $9.56 (-2.26%)

Eritrea vs India

Crypto regulation comparison

← Back to map | Eritrea | India
Eritrea

Eritrea

India

India

Restricted
Legal

Eritrea has a highly restrictive financial environment. The government tightly controls the economy and financial system. No crypto activities are formally permitted.

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 Eritrea
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Highly restrictive financial environment
  • Government tightly controls the economy
  • No specific cryptocurrency legislation
  • Very limited internet access
  • No formal crypto services or exchanges
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
Roobet Banner