OKX Banner
BTC $63,839.00 (-1.28%)
ETH $1,847.38 (-1.11%)
BNB $563.77 (-0.87%)
XRP $1.09 (-0.97%)
SOL $75.61 (-0.58%)
TRX $0.33 (+0.27%)
HYPE $60.21 (-0.96%)
DOGE $0.07 (-1.55%)
RAIN $0.01 (-2.88%)
LEO $9.69 (-1.42%)
ZEC $529.27 (-5.24%)
XLM $0.18 (-1.01%)
XMR $332.66 (-1.44%)
LINK $8.31 (-0.44%)
ADA $0.16 (-2.85%)
CC $0.13 (-0.49%)
BCH $211.71 (-3.09%)
GRAM $1.43 (-1.71%)
LTC $46.75 (-0.15%)
USDG $1.00 (-0.13%)

India vs Mauritius

Crypto regulation comparison

← Back to map | India | Mauritius
India

India

Mauritius

Mauritius

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.

Mauritius has developed a regulatory framework for virtual assets through the Financial Services Commission. The Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act) provides licensing for VASPs. Mauritius positions itself as a fintech-friendly jurisdiction in Africa with a flat 15% income tax rate applicable to crypto income.

Tax Type Capital gains
Tax Type Income
Tax Rate 30%
Tax Rate 15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator FSC (Financial Services Commission)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Virtual assets regulated under FSC framework
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
  • VAITOS Act 2021 provides comprehensive licensing for VASPs
  • FSC issues Class M (custodian), Class O (exchange), Class R (advisory) licenses
  • Flat 15% income tax rate applies to crypto income
  • No separate capital gains tax; gains may be treated as income
  • Mauritius is a member of FATF and complies with international AML standards
Sources
Sources
OKX Banner