OKX Banner
BTC $64,013.00 (-0.12%)
ETH $1,838.46 (-1.78%)
BNB $566.31 (-1.55%)
XRP $1.09 (-0.07%)
SOL $74.98 (-0.65%)
TRX $0.32 (-0.04%)
HYPE $60.15 (-3.97%)
DOGE $0.07 (-1.00%)
RAIN $0.01 (-0.79%)
ZEC $545.58 (+1.05%)
LEO $9.80 (-0.20%)
XLM $0.19 (-1.35%)
ADA $0.17 (+2.30%)
LINK $8.21 (-1.91%)
XMR $326.57 (-3.04%)
CC $0.13 (-3.70%)
BCH $219.53 (-1.42%)
GRAM $1.52 (-0.64%)
LTC $44.97 (-0.45%)
USDG $1.01 (+0.26%)

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