OKX Banner
BTC $73,759.00 (+0.11%)
ETH $2,021.98 (-0.23%)
BNB $688.99 (+7.76%)
XRP $1.34 (+1.29%)
SOL $82.44 (+0.15%)
TRX $0.35 (-0.34%)
DOGE $0.10 (+0.70%)
HYPE $67.59 (+3.33%)
LEO $10.07 (+1.29%)
RAIN $0.01 (-2.06%)
ZEC $525.61 (-3.44%)
ADA $0.24 (+0.05%)
XLM $0.25 (+19.97%)
XMR $379.57 (+3.86%)
LINK $9.19 (+1.27%)
BCH $305.79 (-0.20%)
CC $0.15 (-1.72%)
TON $1.78 (-0.43%)
HBAR $0.10 (+6.82%)
LTC $52.34 (+0.53%)

India vs Trinidad and Tobago

Crypto regulation comparison

← Back to map | India | Trinidad and Tobago
India

India

Trinidad and Tobago

Trinidad and Tobago

Legal
Restricted

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.

Trinidad and Tobago's crypto sector is largely unregulated. The Central Bank, TTSEC, and FIU jointly warned in 2019 that crypto providers are neither regulated nor supervised. A 2025 Virtual Assets Bill proposes banning crypto transactions until December 2027 with fines up to M TTD. Most banks block crypto purchases.

Tax Type Capital gains
Tax Type Unclear
Tax Rate 30%
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator Central Bank of Trinidad and Tobago (CBTT), TTSEC
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
  • Joint 2019 advisory: crypto providers neither regulated nor supervised
  • Virtual Assets Bill 2025 proposes ban on crypto transactions until December 2027
  • Most commercial banks block crypto-related transactions
  • Proposed fines up to M TTD for unauthorized virtual asset activities
  • TTSEC designated as primary regulator under proposed legislation
Sources
Sources
OKX Banner