Roobet Banner
BTC $78,116.00 (-0.45%)
ETH $2,460.30 (-0.96%)
BNB $721.23 (-4.17%)
XRP $1.39 (-1.90%)
SOL $101.43 (-1.92%)
TRX $0.34 (-0.15%)
ZEC $1,238.43 (+4.87%)
HYPE $83.37 (-1.93%)
DOGE $0.09 (-4.55%)
RAIN $0.02 (-2.22%)
XMR $508.00 (+0.50%)
LINK $11.77 (-6.14%)
LEO $9.18 (-0.24%)
ADA $0.21 (-4.12%)
XLM $0.18 (-3.81%)
BCH $250.49 (-3.13%)
LTC $53.03 (-2.47%)
CC $0.10 (-3.56%)
UNI $6.15 (-9.28%)
GRAM $1.37 (-2.12%)

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
Roobet Banner