OKX Banner
BTC $64,186.00 (-0.57%)
ETH $1,905.92 (+1.98%)
BNB $579.10 (+0.42%)
XRP $1.11 (+0.16%)
SOL $76.27 (-1.57%)
TRX $0.32 (-1.11%)
HYPE $66.24 (-0.97%)
DOGE $0.07 (-0.74%)
RAIN $0.01 (-1.57%)
ZEC $565.40 (+2.61%)
LEO $9.81 (+0.02%)
XLM $0.19 (+2.84%)
LINK $8.47 (+1.68%)
XMR $332.75 (+0.58%)
ADA $0.16 (-0.21%)
CC $0.13 (-6.77%)
BCH $222.53 (-5.20%)
GRAM $1.56 (-2.74%)
LTC $44.79 (-0.48%)
USDG $1.00 (+0.15%)

India vs Ukraine

Crypto regulation comparison

← Back to map | India | Ukraine
India

India

Ukraine

Ukraine

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.

Ukraine passed the 'On Virtual Assets' law in 2022, establishing a legal framework for crypto. The NSSMC is designated as the primary regulator for virtual assets. Crypto gained significance during the Russia-Ukraine war, with Ukraine receiving over $100 million in crypto donations. Tax rules specify 18% income tax plus 1.5% military levy on crypto gains. Full implementation of the regulatory framework has been delayed due to the ongoing conflict.

Tax Type Capital gains
Tax Type Capital gains
Tax Rate 30%
Tax Rate 18% + 1.5% military levy
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator NSSMC (National Securities and Stock Market Commission), NBU
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Under development in virtual assets legislation
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
  • Virtual Assets law passed in 2022, establishing legal status for crypto
  • NSSMC designated as primary regulator for virtual assets; NBU handles stablecoins
  • 18% personal income tax + 1.5% military levy on crypto gains (19.5% total)
  • Over $100M in crypto donations received during Russia-Ukraine war
  • Full regulatory implementation delayed due to ongoing conflict
Sources
Sources
OKX Banner