OKX Banner
BTC $76,834.00 (-0.84%)
ETH $2,108.40 (-0.32%)
BNB $658.58 (-0.39%)
XRP $1.35 (-0.98%)
SOL $84.95 (-1.18%)
TRX $0.37 (+1.60%)
DOGE $0.10 (-1.33%)
HYPE $60.83 (-4.02%)
ZEC $611.00 (-8.98%)
LEO $9.99 (-0.68%)
ADA $0.24 (-0.86%)
BCH $352.17 (+0.14%)
XMR $380.38 (-2.12%)
LINK $9.51 (-0.39%)
CC $0.16 (-3.03%)
TON $1.90 (+5.04%)
XLM $0.15 (-2.10%)
SUI $1.04 (-0.66%)
LTC $52.51 (-0.68%)
AVAX $9.33 (-0.75%)

India vs Uzbekistan

Crypto regulation comparison

← Back to map | India | Uzbekistan
India

India

Uzbekistan

Uzbekistan

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.

Uzbekistan has actively regulated crypto since 2018, when it established the NAPM (initially NAPCI) to oversee virtual assets. Licensed crypto exchanges operate in a regulatory sandbox. Individual crypto trading profits are exempt from tax. Uzbekistan has also established a state-backed mining pool and licensing regime for miners, leveraging its energy resources.

Tax Type Capital gains
Tax Type None
Tax Rate 30%
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBDT, FIU-IND, SEBI, RBI
Regulator NAPM (National Agency for Prospective Projects)
Stablecoin Rules No specific stablecoin regulation; RBI exploring digital rupee CBDC
Stablecoin Rules Regulated under NAPM virtual asset framework
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
  • NAPM oversees virtual asset regulation and licensing
  • Licensed exchanges operate under regulatory framework since 2018
  • Individual crypto trading exempt from income tax
  • State-backed mining pool and licensing for crypto miners
  • Only licensed platforms can offer crypto services; unlicensed platforms blocked
Sources
Sources
OKX Banner