Roobet Banner
BTC $81,108.00 (-0.23%)
ETH $2,367.13 (-1.72%)
BNB $712.21 (-0.29%)
XRP $1.27 (-1.54%)
SOL $101.99 (-1.33%)
TRX $0.33 (-0.65%)
ZEC $1,086.78 (-3.63%)
HYPE $77.45 (-1.70%)
DOGE $0.08 (-2.00%)
XMR $587.82 (+5.07%)
LINK $11.76 (-1.54%)
LEO $9.04 (+0.51%)
ADA $0.22 (-2.23%)
RAIN $0.01 (+4.93%)
NEAR $4.76 (-2.44%)
XLM $0.17 (-1.85%)
BCH $269.03 (-1.51%)
LTC $57.95 (-1.53%)
UNI $6.98 (-1.49%)
AVAX $9.51 (-2.55%)

India vs Seychelles

Crypto regulation comparison

← Back to map | India | Seychelles
India

India

Seychelles

Seychelles

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.

The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.

Tax Type Capital gains
Tax Type No tax
Tax Rate 30%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining No No
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Financial Services Authority (FSA)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Regulated under VASP Act 2024
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
  • VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
  • FSA licenses and supervises all virtual asset service providers
  • Mining facilities and mixer/tumbler services prohibited
  • VASPs must maintain local office and resident director
  • Licensed IBC VASPs taxed at 1.5% on assessable income
Sources
Sources
Roobet Banner