BTC $64,424.00 (-4.38%)
ETH $1,860.75 (-4.11%)
XRP $1.36 (-2.02%)
BNB $594.96 (-2.67%)
SOL $78.37 (-5.63%)
TRX $0.28 (-3.11%)
DOGE $0.09 (-1.70%)
BCH $493.72 (-13.30%)
ADA $0.26 (-2.33%)
LEO $8.09 (-1.29%)
HYPE $26.46 (-8.42%)
CC $0.16 (-0.22%)
LINK $8.29 (-3.85%)
XMR $304.95 (-5.58%)
XLM $0.15 (-2.14%)
RAIN $0.01 (-2.68%)
HBAR $0.09 (-2.17%)
LTC $51.44 (-3.08%)
ZEC $237.76 (-2.28%)
AVAX $8.34 (-5.22%)

India vs Thailand

Crypto regulation comparison

← Back to map | India | Thailand
India

India

Thailand

Thailand

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.

Thailand has a comprehensive crypto regulatory framework under the Digital Asset Business Emergency Decree (2018). The SEC Thailand licenses digital asset exchanges, brokers, and dealers. Crypto gains are taxed at 15% withholding tax, though the government exempted VAT on crypto trading on authorized exchanges from 2022. Thailand has a well-developed exchange ecosystem with Bitkub as the dominant platform.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 15%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator SEC Thailand, BOT (Bank of Thailand)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules SEC Thailand regulates digital tokens including stablecoins
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
  • Digital Asset Business Emergency Decree B.E. 2561 (2018) provides comprehensive regulation
  • SEC Thailand licenses exchanges, brokers, dealers, and fund managers for digital assets
  • 15% withholding tax on crypto gains; VAT exempted on authorized exchange trades since 2022
  • BOT restricts crypto for payments but allows it as an investment asset
  • Bitkub is the dominant exchange (~90% market share domestically)
Sources
Sources