OKX Banner
BTC $64,552.00 (-0.33%)
ETH $1,864.58 (+0.09%)
BNB $569.94 (-0.02%)
XRP $1.10 (+0.20%)
SOL $75.99 (+0.64%)
TRX $0.33 (+0.37%)
HYPE $60.95 (+0.83%)
DOGE $0.07 (-0.41%)
RAIN $0.01 (-3.23%)
ZEC $544.11 (-3.11%)
LEO $9.80 (-0.08%)
XLM $0.19 (-0.17%)
XMR $335.60 (+0.15%)
LINK $8.35 (-0.12%)
ADA $0.17 (-0.83%)
CC $0.13 (+2.27%)
BCH $215.55 (-2.05%)
GRAM $1.44 (-2.02%)
LTC $47.34 (+0.80%)
USDG $1.00 (-0.15%)

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