BTC $68,169.00 (+1.71%)
ETH $1,975.41 (+1.81%)
XRP $1.44 (+2.79%)
BNB $630.90 (+3.92%)
SOL $85.29 (+2.50%)
TRX $0.29 (+0.40%)
DOGE $0.10 (+2.15%)
BCH $569.33 (+4.29%)
ADA $0.28 (+2.24%)
LEO $8.65 (-0.66%)
HYPE $29.90 (+2.08%)
LINK $8.92 (+3.79%)
CC $0.16 (+2.12%)
XMR $327.66 (-1.05%)
XLM $0.16 (+1.97%)
RAIN $0.01 (-0.13%)
HBAR $0.10 (+1.72%)
ZEC $258.34 (+0.37%)
LTC $55.13 (+3.05%)
AVAX $9.28 (+2.15%)

India vs Iran

Crypto regulation comparison

← Back to map | India | Iran
India

India

Iran

Iran

Legal
Restricted

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.

Iran has a complex stance on cryptocurrency. Crypto mining is legal and licensed by the Ministry of Industry, but using crypto for domestic payments is banned by the CBI. The government has explored using crypto for international trade to circumvent sanctions. Mining operations are periodically shut down during energy shortages.

Tax Type Capital gains
Tax Type Unclear
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator CBI (Central Bank of Iran), Ministry of Industry
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Not applicable; crypto payments and trading domestically restricted
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
Key Points
  • Crypto mining is legal and licensed by the Ministry of Industry, Mine and Trade
  • CBI bans using crypto as a domestic payment method
  • Licensed miners must sell mined crypto to the CBI or authorized exporters
  • Government has explored crypto for sanctions evasion in international trade
  • Mining farms periodically shut down during summer/winter energy demand peaks
Sources
Sources