Vavada Banner
BTC $70,637.00 (-0.14%)
ETH $2,151.99 (+0.30%)
XRP $1.44 (-0.34%)
BNB $641.82 (-0.20%)
SOL $90.20 (+1.35%)
TRX $0.31 (+1.75%)
DOGE $0.09 (+0.66%)
ADA $0.27 (-1.20%)
BCH $470.76 (+1.57%)
HYPE $39.44 (-0.55%)
LEO $9.22 (+0.05%)
LINK $9.10 (+0.16%)
XMR $346.82 (+2.68%)
CC $0.15 (+3.38%)
XLM $0.17 (-0.58%)
LTC $56.19 (+0.67%)
RAIN $0.01 (-0.77%)
AVAX $9.56 (+0.32%)
HBAR $0.09 (-0.66%)
ZEC $232.15 (-1.36%)

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
NordVPN Banner