Roobet Banner
BTC $81,592.00 (-0.70%)
ETH $2,430.98 (-0.86%)
BNB $721.38 (-1.21%)
XRP $1.31 (-2.35%)
SOL $104.92 (-1.23%)
TRX $0.34 (+0.41%)
ZEC $1,167.39 (-4.89%)
HYPE $80.14 (-1.32%)
DOGE $0.08 (-1.91%)
XMR $560.05 (-0.89%)
LINK $12.24 (-2.67%)
ADA $0.22 (-3.12%)
LEO $9.03 (-0.17%)
NEAR $5.10 (-1.93%)
RAIN $0.01 (-6.95%)
XLM $0.18 (-2.06%)
BCH $278.10 (-0.47%)
LTC $59.33 (-2.54%)
UNI $7.30 (-2.24%)
AVAX $9.99 (-1.45%)

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