OKX Banner
BTC $64,496.00 (+0.60%)
ETH $1,858.56 (+0.89%)
BNB $570.38 (+0.71%)
XRP $1.09 (-0.03%)
SOL $75.24 (-0.03%)
TRX $0.33 (+0.77%)
HYPE $59.92 (-0.46%)
DOGE $0.07 (-0.49%)
RAIN $0.01 (+1.53%)
ZEC $558.04 (+1.81%)
LEO $9.79 (-0.16%)
XLM $0.19 (+0.07%)
XMR $333.57 (+2.07%)
LINK $8.32 (+1.01%)
ADA $0.17 (-0.50%)
CC $0.13 (-1.49%)
BCH $220.55 (+0.21%)
GRAM $1.46 (-3.54%)
LTC $47.20 (+4.99%)
USDG $1.00 (+0.01%)

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