OKX Banner
BTC $79,913.00 (+0.43%)
ETH $2,502.09 (+2.02%)
BNB $762.45 (+5.62%)
XRP $1.42 (+1.58%)
SOL $105.91 (+3.90%)
TRX $0.33 (+0.44%)
HYPE $86.13 (+2.65%)
ZEC $1,067.11 (+4.22%)
DOGE $0.09 (+6.99%)
RAIN $0.02 (+4.31%)
XMR $553.67 (+3.97%)
LINK $12.14 (+4.06%)
LEO $9.33 (+1.22%)
ADA $0.22 (+4.75%)
XLM $0.19 (+2.66%)
BCH $260.10 (+4.78%)
UNI $7.12 (+13.21%)
CC $0.11 (+1.31%)
LTC $54.45 (+3.66%)
GRAM $1.42 (+1.59%)

Greenland vs India

Crypto regulation comparison

← Back to map | Greenland | India
Greenland

Greenland

India

India

No Data
Legal

-

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 Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 30%
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator -
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules -
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points

-

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