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India

IN / INDRestricted

30% flat tax on crypto gains + 1% TDS since 2022 effectively restricted retail market. FIU-IND registration mandatory for VASPs. RBI holds anti-crypto stance; SEBI exploring regulated framework. High user activity despite restrictions.

Key Regulations

Finance Act 2022 (30% crypto tax)Prevention of Money Laundering ActFIU-IND Registration (2023)

Regulatory Context

Crypto activities in India face material restrictions. Certain products or activities may be prohibited; others require specific licensing from RBI / SEBI. Consult jurisdiction-specific legal counsel before serving users in India.

Regulatory Profile

Primary Regulator

RBI / SEBI

Official site

Currency

INR

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

G20

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "IN"
  }
}

Expected verdict

NEEDS_REVIEW

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Other Restricted Jurisdictions