OKX Banner
BTC $64,417.00 (-0.65%)
ETH $1,876.80 (-1.69%)
BNB $577.02 (-0.07%)
XRP $1.11 (-0.01%)
SOL $76.24 (-1.28%)
TRX $0.32 (-0.51%)
HYPE $64.54 (-4.11%)
DOGE $0.07 (-0.01%)
ZEC $554.80 (-2.60%)
RAIN $0.01 (-3.76%)
LEO $9.83 (+0.16%)
XLM $0.19 (+2.81%)
XMR $336.19 (+1.62%)
LINK $8.44 (+0.01%)
ADA $0.16 (+0.10%)
CC $0.13 (-3.10%)
BCH $222.00 (-3.88%)
GRAM $1.55 (-2.12%)
LTC $45.18 (+0.53%)
USDG $1.00 (+0.05%)

India vs Kiribati

Crypto regulation comparison

← Back to map | India | Kiribati
India

India

Kiribati

Kiribati

Legal
No 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.

Kiribati has no specific cryptocurrency regulation. Uses the Australian dollar.

Tax Type Capital gains
Tax Type None
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Ministry of Finance, Kiribati
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules No stablecoin regulation
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
  • No specific cryptocurrency legislation
  • Uses the Australian dollar
  • Very limited financial infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources
OKX Banner