Roobet Banner
BTC $82,397.00 (+0.44%)
ETH $2,425.06 (+0.30%)
BNB $724.29 (+0.25%)
XRP $1.30 (+0.54%)
SOL $104.89 (+0.93%)
TRX $0.33 (-0.68%)
ZEC $1,142.20 (+1.04%)
HYPE $79.35 (+0.51%)
DOGE $0.08 (-0.18%)
XMR $588.35 (+0.45%)
LINK $12.06 (+0.46%)
LEO $9.03 (+0.00%)
ADA $0.22 (-0.99%)
NEAR $5.00 (+0.89%)
RAIN $0.01 (+0.15%)
XLM $0.18 (-0.50%)
BCH $277.59 (+0.76%)
LTC $59.78 (+0.88%)
UNI $7.37 (+1.32%)
AVAX $9.67 (-1.39%)

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
Roobet Banner