Vavada Banner
BTC $68,543.00 (+2.77%)
ETH $2,125.63 (+3.70%)
BNB $613.58 (+0.81%)
XRP $1.36 (+3.07%)
SOL $83.34 (+3.28%)
TRX $0.32 (+0.94%)
DOGE $0.09 (+2.62%)
LEO $10.03 (+0.39%)
BCH $460.05 (-2.29%)
ADA $0.25 (+3.54%)
HYPE $37.09 (+2.98%)
LINK $8.99 (+4.36%)
XMR $336.13 (+3.44%)
XLM $0.17 (+4.73%)
CC $0.14 (-4.04%)
M $2.42 (+2.86%)
LTC $54.15 (+1.24%)
ZEC $243.40 (-1.03%)
AVAX $9.20 (+4.86%)
HBAR $0.09 (+6.05%)

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