Roobet Banner
BTC $81,960.00 (-0.75%)
ETH $2,407.45 (-0.66%)
BNB $731.01 (+0.51%)
XRP $1.30 (-0.49%)
SOL $105.02 (-0.33%)
TRX $0.33 (+0.13%)
ZEC $1,147.22 (-1.33%)
HYPE $79.38 (-0.34%)
DOGE $0.08 (+0.12%)
XMR $604.76 (+2.05%)
LINK $12.04 (-0.62%)
LEO $9.02 (-0.15%)
ADA $0.22 (-0.93%)
NEAR $4.80 (-4.97%)
XLM $0.18 (-0.50%)
RAIN $0.01 (-8.17%)
BCH $278.64 (+0.46%)
LTC $59.77 (+0.67%)
UNI $7.27 (-1.28%)
AVAX $9.59 (-1.53%)

India vs North Macedonia

Crypto regulation comparison

← Back to map | India | North Macedonia
India

India

North Macedonia

North Macedonia

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.

North Macedonia has no dedicated cryptocurrency legislation. Crypto is not prohibited and operates in a regulatory gray area. The general flat 10% income tax rate may apply to crypto profits. The government is working toward EU MiCA alignment and plans to license crypto exchanges by 2025-2026.

Tax Type Capital gains
Tax Type Income
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 National Bank of the Republic of North Macedonia
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules No specific 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 dedicated cryptocurrency legislation
  • Central bank has acknowledged crypto without banning it
  • General flat 10% personal income tax rate may apply to crypto profits
  • Government working toward licensing crypto exchanges by 2025-2026
  • Working toward EU candidacy and alignment with MiCA regulation
Sources
Sources
Roobet Banner