OKX Banner
BTC $63,934.00 (-0.47%)
ETH $1,803.69 (+0.10%)
BNB $579.70 (-0.32%)
XRP $1.10 (-1.15%)
SOL $76.98 (-1.57%)
TRX $0.33 (-0.14%)
HYPE $67.10 (+0.45%)
DOGE $0.07 (-2.31%)
RAIN $0.01 (+1.66%)
ZEC $526.56 (+4.65%)
LEO $9.54 (+0.39%)
XLM $0.19 (-2.48%)
XMR $329.06 (+2.85%)
ADA $0.16 (-2.38%)
LINK $8.02 (-0.33%)
CC $0.14 (+1.80%)
BCH $245.18 (-1.36%)
GRAM $1.64 (-2.28%)
LTC $44.55 (-1.17%)
USDG $1.00 (-0.02%)

India vs Sweden

Crypto regulation comparison

← Back to map | India | Sweden
India

India

Sweden

Sweden

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 and regulated in Sweden. Crypto capital gains are taxed at a flat 30% rate. Finansinspektionen registers VASPs and oversees compliance. Sweden's Riksbank has been a pioneer in CBDC research with its e-krona project. MiCA applies from December 2024.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 30%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Finansinspektionen (FI)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Regulated under EU MiCA framework
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
  • Flat 30% tax on crypto capital gains
  • Skatteverket (Swedish Tax Agency) actively tracks and taxes crypto; has made bulk data requests to exchanges
  • VASPs must register with Finansinspektionen for AML compliance
  • Riksbank e-krona CBDC pilot is one of the most advanced in Europe
  • MiCA framework applicable from December 2024
Sources
Sources
OKX Banner