Roobet Banner
BTC $80,245.00 (-0.70%)
ETH $2,324.81 (-1.11%)
BNB $755.33 (+1.44%)
XRP $1.30 (-1.93%)
SOL $100.47 (-1.33%)
TRX $0.33 (+0.00%)
ZEC $1,251.17 (-4.80%)
HYPE $79.31 (-2.36%)
DOGE $0.08 (-1.04%)
XMR $590.53 (-2.14%)
LINK $11.55 (-1.38%)
LEO $9.46 (+1.62%)
ADA $0.20 (-2.75%)
XLM $0.17 (-1.00%)
NEAR $4.49 (-3.94%)
BCH $281.06 (-5.87%)
LTC $58.02 (+1.07%)
RAIN $0.01 (-9.88%)
UNI $7.09 (-1.27%)
AVAX $8.77 (-2.50%)

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