BTC $68,209.00 (+0.07%)
ETH $1,975.09 (+0.43%)
XRP $1.44 (+1.13%)
BNB $629.63 (+2.76%)
SOL $85.04 (+0.90%)
TRX $0.29 (+1.14%)
DOGE $0.10 (+1.67%)
BCH $567.77 (+1.86%)
ADA $0.29 (+3.48%)
LEO $8.58 (+0.01%)
HYPE $30.43 (+3.69%)
LINK $8.93 (+2.79%)
XMR $332.04 (-1.86%)
CC $0.16 (+0.87%)
XLM $0.16 (+1.33%)
RAIN $0.01 (-2.47%)
ZEC $263.46 (+0.17%)
HBAR $0.10 (+0.90%)
LTC $55.50 (+3.16%)
AVAX $9.23 (-0.39%)

India vs Puerto Rico

Crypto regulation comparison

← Back to map | India | Puerto Rico
India

India

Puerto Rico

Puerto Rico

Legal
No Data

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.

-

Tax Type Capital gains
Tax Type Unclear
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator -
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules -
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

-

Sources
Sources

-