Roobet Banner
BTC $76,888.00 (-2.68%)
ETH $2,236.68 (-1.67%)
BNB $698.90 (-0.44%)
XRP $1.25 (+0.16%)
SOL $95.78 (-1.61%)
TRX $0.33 (-4.96%)
HYPE $89.29 (-2.87%)
ZEC $1,241.36 (-1.14%)
DOGE $0.08 (-0.92%)
XMR $591.30 (-3.60%)
LINK $11.37 (+4.88%)
LEO $9.41 (-0.56%)
ADA $0.19 (+0.81%)
XLM $0.17 (+2.85%)
BCH $291.78 (+4.91%)
NEAR $4.32 (+4.68%)
RAIN $0.01 (-6.09%)
UNI $7.00 (+7.63%)
LTC $55.41 (-0.48%)
CC $0.10 (+1.43%)

Georgia vs India

Crypto regulation comparison

← Back to map | Georgia | India
Georgia

Georgia

India

India

Legal
Legal

Georgia is one of the most crypto-friendly countries globally. There is no capital gains tax for individuals on cryptocurrency, and the country has a significant crypto mining industry due to low electricity costs. The National Bank has taken a cautious but permissive approach, issuing guidance rather than strict regulation.

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 No tax
Tax Type Capital gains
Tax Rate 0% (individuals)
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator National Bank of Georgia (NBG)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • No capital gains tax on crypto for individuals
  • Businesses dealing in crypto are taxed under standard corporate tax rules (15% CIT)
  • Georgia is a major crypto mining hub due to cheap hydroelectric power
  • NBG does not recognize crypto as legal tender but has not prohibited it
  • The Free Industrial Zone offers additional tax advantages for crypto businesses
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