Vavada Banner
BTC $71,796.00 (+1.64%)
ETH $2,114.56 (+1.90%)
BNB $664.90 (+1.92%)
XRP $1.41 (+1.43%)
SOL $88.49 (+1.54%)
TRX $0.30 (+1.10%)
DOGE $0.10 (+2.10%)
ADA $0.27 (+1.70%)
BCH $468.18 (+2.27%)
HYPE $37.31 (+0.68%)
LEO $9.08 (+0.42%)
XMR $356.23 (-1.13%)
LINK $9.26 (+3.09%)
CC $0.15 (-1.94%)
XLM $0.17 (+2.22%)
RAIN $0.01 (+1.52%)
LTC $55.39 (+1.39%)
AVAX $9.78 (+1.84%)
HBAR $0.10 (+3.26%)
SUI $1.01 (+1.93%)

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
NordVPN Banner