Roobet Banner
BTC $83,062.00 (+2.10%)
ETH $2,451.63 (+2.87%)
BNB $745.56 (+2.40%)
XRP $1.34 (+3.78%)
SOL $106.56 (+2.46%)
TRX $0.33 (-0.31%)
ZEC $1,268.48 (+12.45%)
HYPE $81.48 (+3.88%)
DOGE $0.08 (+3.64%)
XMR $586.23 (-4.51%)
LINK $12.38 (+3.88%)
ADA $0.22 (+4.11%)
LEO $9.04 (+0.04%)
NEAR $5.19 (+9.42%)
RAIN $0.01 (+12.79%)
XLM $0.18 (+3.82%)
BCH $287.45 (+4.89%)
LTC $61.47 (+3.91%)
UNI $7.56 (+5.61%)
AVAX $9.72 (+2.80%)

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
Roobet Banner