Vavada Banner
BTC $65,274.00 (-0.23%)
ETH $1,903.23 (-0.91%)
BNB $604.96 (-1.03%)
XRP $1.32 (-2.29%)
SOL $81.25 (-0.41%)
TRX $0.28 (-0.17%)
DOGE $0.09 (-2.62%)
ADA $0.27 (-3.22%)
BCH $444.53 (-4.88%)
LEO $8.83 (+0.38%)
HYPE $29.54 (+7.73%)
CC $0.17 (-2.08%)
XMR $330.63 (-2.79%)
LINK $8.48 (-2.51%)
XLM $0.15 (-4.13%)
RAIN $0.01 (-1.39%)
HBAR $0.10 (-3.76%)
LTC $53.15 (-2.24%)
AVAX $8.74 (-2.34%)
ZEC $209.51 (-4.84%)

India vs Luxembourg

Crypto regulation comparison

← Back to map | India | Luxembourg
India

India

Luxembourg

Luxembourg

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.

Luxembourg is a major European hub for crypto and blockchain financial services. The CSSF regulates VASPs and crypto-related investment funds. Crypto held for more than 6 months is generally exempt from capital gains tax for individuals, making it attractive for long-term holders. Luxembourg hosts several prominent crypto exchanges and fund administrators.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 0-42%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator CSSF (Commission de Surveillance du Secteur Financier)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Regulated under EU MiCA framework; Luxembourg hosts major stablecoin issuers
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
  • CSSF oversees VASPs under the Luxembourg AML/CFT framework
  • Individuals holding crypto for 6+ months are generally exempt from capital gains tax
  • Short-term gains taxed at progressive income tax rates up to 42%
  • Major hub for crypto investment funds and blockchain companies
  • MiCA framework fully applicable from December 2024
Sources
Sources