Vavada Banner
BTC $74,016.00 (-0.49%)
ETH $2,326.33 (-2.04%)
XRP $1.36 (-0.71%)
BNB $618.82 (+0.38%)
SOL $83.37 (-2.89%)
TRX $0.32 (+0.38%)
DOGE $0.09 (-1.34%)
HYPE $44.05 (-1.63%)
LEO $10.13 (+0.25%)
ADA $0.24 (-1.06%)
BCH $435.13 (-0.88%)
LINK $9.10 (-0.98%)
XMR $340.31 (-3.15%)
ZEC $358.01 (-3.39%)
CC $0.15 (-5.63%)
XLM $0.16 (+0.41%)
M $2.86 (+2.36%)
LTC $54.41 (-0.14%)
AVAX $9.38 (-0.16%)
RAIN $0.01 (-0.46%)

India vs Vanuatu

Crypto regulation comparison

← Back to map | India | Vanuatu
India

India

Vanuatu

Vanuatu

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.

Vanuatu has become a popular jurisdiction for crypto businesses due to its tax-free environment. The VFSC has developed a regulatory framework for digital assets.

Tax Type Capital gains
Tax Type No tax
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 Vanuatu Financial Services Commission (VFSC)
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
  • VFSC regulates digital asset businesses
  • No income, corporate, or capital gains tax
  • Popular jurisdiction for crypto business registration
  • Citizenship by investment program exists
  • Developing digital asset regulatory framework
Sources
Sources
OKX Banner