OKX Banner
BTC $75,633.00 (-1.89%)
ETH $2,065.82 (-1.82%)
BNB $655.08 (-0.83%)
XRP $1.33 (-1.62%)
SOL $83.49 (-1.59%)
TRX $0.38 (+0.94%)
DOGE $0.10 (-1.06%)
HYPE $59.42 (-3.22%)
ZEC $570.67 (-12.19%)
LEO $10.00 (+0.11%)
ADA $0.24 (-1.45%)
RAIN $0.01 (+44.08%)
XMR $378.63 (-2.00%)
BCH $343.57 (-1.58%)
LINK $9.34 (-1.29%)
CC $0.16 (-5.67%)
TON $1.95 (+0.73%)
XLM $0.15 (-1.62%)
LTC $51.88 (-1.23%)
SUI $1.00 (-3.89%)

India vs Peru

Crypto regulation comparison

← Back to map | India | Peru
India

India

Peru

Peru

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.

Cryptocurrency is legal in Peru but lacks comprehensive regulation. The SBS (Superintendencia de Banca, Seguros y AFP) oversees AML requirements. Peru has growing crypto adoption, particularly for remittances. Crypto gains are subject to capital gains tax at 5% for the first 5 UIT and at higher rates for larger amounts.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 5-30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator SBS, SMV, BCRP (Central Reserve Bank of Peru)
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 specific crypto legislation; general financial laws apply
  • Capital gains tax applies to crypto profits (5% for securities, up to 30% for other income)
  • SBS requires AML/KYC compliance for entities dealing in crypto
  • Growing crypto adoption for remittances and as a store of value
  • BCRP has warned about crypto risks but not imposed a ban
Sources
Sources
OKX Banner