OKX Banner
BTC $64,466.00 (-0.23%)
ETH $1,862.89 (+0.20%)
BNB $568.50 (-0.50%)
XRP $1.10 (+0.15%)
SOL $75.88 (+0.55%)
TRX $0.33 (+0.18%)
HYPE $61.04 (+1.55%)
DOGE $0.07 (-0.25%)
RAIN $0.01 (-2.18%)
ZEC $549.44 (-1.19%)
LEO $9.77 (-0.12%)
XLM $0.19 (+1.54%)
XMR $334.47 (+0.02%)
LINK $8.34 (-0.12%)
ADA $0.17 (-0.33%)
CC $0.13 (+2.07%)
BCH $217.30 (-1.48%)
GRAM $1.44 (-2.18%)
LTC $47.56 (+1.07%)
USDG $1.00 (-0.17%)

India vs Kazakhstan

Crypto regulation comparison

← Back to map | India | Kazakhstan
India

India

Kazakhstan

Kazakhstan

Legal
Legal

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.

Kazakhstan has a dual approach to crypto regulation. The Astana International Financial Centre (AIFC) operates as a regulated sandbox where licensed crypto exchanges can operate under AFSA supervision. Outside the AIFC, crypto regulation is more restrictive. Kazakhstan became a major mining hub after China's ban but has since tightened mining regulations.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 10%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator AFSA (Astana Financial Services Authority), NBK (National Bank of Kazakhstan)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules AIFC (Astana International Financial Centre) has its own framework for digital assets including stablecoins
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
  • AIFC provides a regulatory sandbox for licensed crypto exchanges and businesses
  • Mining is legal and licensed, with a specific tax on electricity consumption for miners
  • Kazakhstan became the world's second-largest Bitcoin mining country after China's 2021 ban
  • 2022 mining crackdown introduced stricter licensing and energy consumption taxes
  • Outside AIFC, domestic crypto payments and exchanges face greater restrictions
Sources
Sources
OKX Banner