OKX Banner
BTC $79,991.00 (+0.42%)
ETH $2,502.94 (+2.04%)
BNB $766.49 (+6.04%)
XRP $1.42 (+1.29%)
SOL $103.85 (+1.71%)
TRX $0.33 (+0.77%)
HYPE $86.11 (+2.16%)
ZEC $1,068.04 (+4.80%)
DOGE $0.09 (+6.88%)
RAIN $0.02 (+4.38%)
XMR $554.74 (+4.97%)
LINK $12.26 (+5.32%)
LEO $9.23 (-0.17%)
ADA $0.22 (+5.43%)
XLM $0.19 (+3.37%)
BCH $259.47 (+5.35%)
UNI $7.39 (+19.80%)
CC $0.11 (+2.59%)
LTC $54.66 (+6.25%)
GRAM $1.44 (+2.11%)

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