OKX Banner
BTC $65,164.00 (+0.59%)
ETH $1,901.56 (+1.36%)
BNB $570.66 (-0.01%)
XRP $1.11 (+1.44%)
SOL $77.76 (+1.92%)
TRX $0.33 (-0.10%)
HYPE $62.40 (+1.86%)
DOGE $0.07 (-0.31%)
RAIN $0.01 (-1.94%)
ZEC $542.36 (-1.16%)
LEO $9.73 (-0.45%)
XLM $0.19 (+0.20%)
LINK $8.58 (+2.19%)
XMR $337.24 (+0.26%)
ADA $0.17 (+2.33%)
CC $0.12 (-1.75%)
BCH $219.72 (+2.41%)
GRAM $1.43 (-0.87%)
LTC $47.30 (+0.75%)
USDG $1.00 (-0.13%)

Ethiopia vs India

Crypto regulation comparison

← Back to map | Ethiopia | India
Ethiopia

Ethiopia

India

India

Restricted
Legal

Ethiopia's Proclamation No. 1359/2024 explicitly prohibits cryptocurrency for payment transactions but allows the NBE to issue future guidelines on digital assets. Crypto mining is legal and actively growing, with Ethiopia emerging as a major Bitcoin mining destination leveraging hydroelectric power. A comprehensive regulatory framework is under development.

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 Yes Yes
Mining Yes Yes
Regulator National Bank of Ethiopia
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • Proclamation No. 1359/2024 prohibits cryptocurrency for payment transactions
  • NBE authorized to issue future directives on crypto assets and CBDCs
  • Crypto mining is legal and rapidly expanding, leveraging hydroelectric power
  • Ethiopia has become one of the fastest-growing Bitcoin mining destinations globally
  • Comprehensive digital asset regulatory framework under development
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