OKX Banner
BTC $64,636.00 (+1.11%)
ETH $1,871.52 (+1.44%)
BNB $568.12 (+0.05%)
XRP $1.10 (+0.97%)
SOL $76.22 (+1.82%)
TRX $0.33 (+0.76%)
HYPE $61.30 (+4.18%)
DOGE $0.07 (+0.76%)
RAIN $0.01 (+3.54%)
ZEC $562.78 (+4.36%)
LEO $9.81 (+0.46%)
XLM $0.19 (+1.43%)
XMR $338.81 (+3.26%)
LINK $8.37 (+1.64%)
ADA $0.17 (-0.15%)
CC $0.13 (+0.37%)
BCH $217.45 (-0.45%)
GRAM $1.46 (-1.41%)
LTC $46.80 (+3.06%)
USDG $1.00 (-0.34%)

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