OKX Banner
BTC $64,604.00 (-0.07%)
ETH $1,930.20 (+1.76%)
BNB $567.07 (-0.90%)
XRP $1.09 (-0.93%)
SOL $75.39 (+0.56%)
TRX $0.33 (-1.12%)
HYPE $58.16 (-0.93%)
DOGE $0.07 (-2.17%)
RAIN $0.01 (-2.86%)
LEO $9.70 (-0.17%)
ZEC $490.46 (+0.46%)
XMR $346.36 (-4.19%)
LINK $8.59 (+1.28%)
XLM $0.18 (-1.29%)
ADA $0.16 (-3.61%)
CC $0.12 (-2.32%)
BCH $214.49 (+1.47%)
GRAM $1.48 (-1.73%)
LTC $46.34 (-1.34%)
USDG $1.00 (+0.03%)

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
OKX Banner