Vavada Banner
BTC $77,632.00 (-0.27%)
ETH $2,322.01 (+0.37%)
XRP $1.44 (+0.48%)
BNB $637.53 (+0.20%)
SOL $86.35 (+1.03%)
TRX $0.32 (-1.43%)
DOGE $0.10 (+2.05%)
HYPE $41.21 (+0.43%)
LEO $10.23 (-0.52%)
ADA $0.25 (+1.94%)
BCH $457.22 (+0.14%)
LINK $9.41 (+1.61%)
XMR $369.61 (-0.71%)
ZEC $361.60 (+9.22%)
CC $0.15 (+1.39%)
XLM $0.17 (-1.35%)
M $4.28 (+0.28%)
LTC $56.56 (+2.07%)
AVAX $9.43 (+1.43%)
HBAR $0.09 (+0.95%)

Hungary vs India

Crypto regulation comparison

← Back to map | Hungary | India
Hungary

Hungary

India

India

Legal
Legal

Cryptocurrency is legal in Hungary and subject to a 15% personal income tax on gains. Hungary follows EU regulatory frameworks including MiCA. The MNB supervises crypto service providers, and the country has a growing blockchain and crypto ecosystem.

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 Capital gains
Tax Type Capital gains
Tax Rate 15%
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator MNB (Magyar Nemzeti Bank)
Regulator CBDT, FIU-IND, SEBI, RBI
Stablecoin Rules Regulated under EU MiCA framework
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Key Points
  • 15% personal income tax on crypto gains
  • Additional social contribution tax may apply to certain crypto income
  • MNB supervises VASPs for AML/KYC compliance
  • MiCA framework applicable from December 2024
  • Hungary's tax rate on crypto is competitive within the EU
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