Roobet Banner
BTC $82,226.00 (+1.34%)
ETH $2,409.75 (+1.23%)
BNB $726.99 (+1.80%)
XRP $1.30 (+2.16%)
SOL $104.60 (+2.21%)
TRX $0.33 (-0.02%)
ZEC $1,132.74 (+2.69%)
HYPE $78.85 (+1.89%)
DOGE $0.08 (+1.91%)
XMR $604.14 (+2.64%)
LINK $12.03 (+1.93%)
LEO $9.04 (+0.08%)
ADA $0.22 (+0.72%)
RAIN $0.01 (-1.66%)
NEAR $4.93 (+4.39%)
XLM $0.18 (+0.75%)
BCH $278.92 (+2.66%)
LTC $59.89 (+1.58%)
UNI $7.34 (+4.00%)
AVAX $9.68 (+1.27%)

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
Roobet Banner