OKX Banner
BTC $64,639.00 (+1.11%)
ETH $1,867.69 (+1.42%)
BNB $568.45 (+0.16%)
XRP $1.10 (+0.59%)
SOL $76.05 (+1.54%)
TRX $0.33 (+1.20%)
HYPE $60.80 (+2.49%)
DOGE $0.07 (+0.25%)
RAIN $0.01 (+3.47%)
ZEC $559.61 (+3.50%)
LEO $9.81 (+0.42%)
XMR $338.96 (+3.42%)
XLM $0.19 (+0.98%)
LINK $8.36 (+1.40%)
ADA $0.17 (-0.25%)
CC $0.13 (-0.70%)
BCH $217.91 (-0.28%)
GRAM $1.46 (-1.60%)
LTC $47.04 (+3.33%)
USDG $1.00 (-0.10%)

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