BTC $68,793.00 (+7.30%)
ETH $2,077.00 (+12.17%)
XRP $1.47 (+7.98%)
BNB $629.16 (+7.26%)
SOL $88.68 (+13.70%)
TRX $0.29 (+1.13%)
DOGE $0.10 (+12.49%)
ADA $0.30 (+13.37%)
BCH $514.46 (+8.28%)
LEO $8.78 (+10.34%)
HYPE $28.67 (+6.67%)
LINK $9.49 (+15.21%)
XMR $344.57 (+6.91%)
CC $0.16 (+1.27%)
XLM $0.17 (+10.48%)
RAIN $0.01 (-0.02%)
LTC $58.40 (+13.40%)
HBAR $0.10 (+7.75%)
ZEC $253.75 (+3.69%)
AVAX $9.67 (+15.55%)

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