OKX Banner
BTC $76,775.00 (-0.49%)
ETH $2,097.52 (-0.03%)
BNB $657.74 (-0.15%)
XRP $1.35 (-0.54%)
SOL $84.48 (-1.30%)
TRX $0.37 (+2.28%)
DOGE $0.10 (-1.07%)
HYPE $60.21 (-3.37%)
ZEC $618.61 (-6.03%)
LEO $10.00 (-0.55%)
ADA $0.24 (-0.40%)
BCH $351.44 (+0.50%)
XMR $379.91 (-2.95%)
LINK $9.52 (+0.33%)
CC $0.16 (-1.28%)
TON $1.89 (+4.78%)
XLM $0.15 (+0.18%)
SUI $1.04 (+0.17%)
LTC $52.50 (-0.54%)
AVAX $9.29 (+0.17%)

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