BTC $67,576.00 (-1.37%)
ETH $1,951.19 (-1.93%)
XRP $1.40 (-4.16%)
BNB $618.49 (-2.37%)
SOL $83.94 (-2.80%)
TRX $0.29 (+1.11%)
DOGE $0.10 (-4.54%)
BCH $569.13 (-0.73%)
ADA $0.27 (-4.07%)
LEO $8.16 (-2.90%)
HYPE $29.25 (-2.95%)
LINK $8.74 (-2.70%)
CC $0.16 (-2.25%)
XMR $320.87 (-2.16%)
XLM $0.15 (-5.84%)
RAIN $0.01 (+0.49%)
HBAR $0.10 (-3.64%)
ZEC $247.39 (-5.59%)
LTC $53.28 (-3.89%)
AVAX $8.88 (-5.59%)

India vs Solomon Islands

Crypto regulation comparison

← Back to map | India | Solomon Islands
India

India

Solomon Islands

Solomon Islands

Legal
No Regulation

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.

Solomon Islands has no specific cryptocurrency regulation.

Tax Type Capital gains
Tax Type None
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Central Bank of Solomon Islands
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules No 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 cryptocurrency legislation
  • Central bank has not addressed crypto regulation
  • Very limited internet infrastructure
  • Minimal crypto adoption
  • No licensing framework for crypto services
Sources
Sources