Vavada Banner
BTC $65,681.00 (+0.16%)
ETH $1,927.77 (+0.13%)
BNB $609.85 (-0.36%)
XRP $1.34 (-1.73%)
SOL $82.13 (+0.39%)
TRX $0.28 (-0.19%)
DOGE $0.09 (-1.89%)
ADA $0.27 (-2.41%)
BCH $447.19 (-3.93%)
LEO $8.83 (+0.35%)
HYPE $29.38 (+7.09%)
CC $0.17 (-0.73%)
XMR $332.11 (-2.43%)
LINK $8.57 (-1.64%)
XLM $0.15 (-3.18%)
RAIN $0.01 (-0.76%)
HBAR $0.10 (-2.58%)
LTC $53.57 (-1.65%)
AVAX $8.84 (-1.43%)
ZEC $212.57 (-3.56%)

India vs Mongolia

Crypto regulation comparison

← Back to map | India | Mongolia
India

India

Mongolia

Mongolia

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.

Mongolia adopted the Law on Virtual Asset Service Providers (VPSP) in December 2021, establishing a comprehensive regulatory framework. The Financial Regulatory Commission (FRC) registers and supervises crypto exchanges. Over 12 licensed exchanges serve 850,000+ customers. Crypto mining is legal and growing, with tax incentives for renewable energy use.

Tax Type Capital gains
Tax Type Income
Tax Rate 30%
Tax Rate 10-25%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Financial Regulatory Commission (FRC) of Mongolia
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
  • Law on Virtual Asset Service Providers (VPSP) adopted December 2021
  • FRC registers and supervises crypto exchanges under VPSP law
  • Over 12 licensed exchanges serving 850,000+ customers
  • Crypto exchange income is taxable and exempt from VAT
  • Mongolia launched blockchain-based OTC securities trading in 2025
Sources
Sources