Roobet Banner
BTC $78,502.00 (-0.52%)
ETH $2,480.96 (-0.55%)
BNB $722.95 (-3.75%)
XRP $1.39 (-2.58%)
SOL $102.04 (-1.96%)
TRX $0.34 (+0.58%)
ZEC $1,235.37 (+1.94%)
HYPE $83.97 (-2.12%)
DOGE $0.09 (-4.52%)
RAIN $0.02 (+2.10%)
XMR $516.07 (+2.23%)
LINK $11.87 (-5.16%)
LEO $9.19 (+0.07%)
ADA $0.21 (-2.13%)
XLM $0.18 (-4.24%)
BCH $251.20 (-2.81%)
CC $0.10 (-4.68%)
LTC $52.86 (-2.17%)
GRAM $1.38 (-0.96%)
UNI $6.10 (-11.17%)

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