Roobet Banner
BTC $81,786.00 (-2.17%)
ETH $2,410.29 (-2.27%)
BNB $733.93 (-1.34%)
XRP $1.33 (-2.10%)
SOL $105.13 (-1.16%)
TRX $0.33 (-0.35%)
ZEC $1,258.67 (-3.70%)
HYPE $78.68 (-2.21%)
DOGE $0.08 (-2.60%)
XMR $627.58 (+4.01%)
LINK $12.08 (-2.10%)
LEO $9.01 (-0.03%)
ADA $0.22 (-3.24%)
NEAR $5.05 (-2.08%)
XLM $0.18 (-2.84%)
RAIN $0.01 (-5.11%)
BCH $276.41 (-3.05%)
LTC $59.37 (-2.96%)
UNI $7.18 (-2.92%)
CC $0.10 (-3.91%)

India vs Uruguay

Crypto regulation comparison

← Back to map | India | Uruguay
India

India

Uruguay

Uruguay

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.

Uruguay has a generally favorable stance toward cryptocurrency. The BCU has not banned crypto and in 2024 introduced regulations for virtual asset service providers. Crypto income may be taxed at 12% under the IRPF (personal income tax) as capital income. Uruguay has a stable economy and is positioning itself as a fintech hub in Latin America.

Tax Type Capital gains
Tax Type Income
Tax Rate 30%
Tax Rate 12%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator BCU (Banco Central del Uruguay)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules No specific 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
  • BCU introduced VASP regulations in 2024
  • Crypto income taxed at 12% as capital income under IRPF
  • Crypto not classified as legal tender; peso remains the national currency
  • Uruguay has a relatively stable economy and favorable fintech environment
  • AML/KYC requirements apply to registered VASPs
Sources
Sources
Roobet Banner