Mumbai as financial capital hosts India's regulatory bodies. RBI based here. Same 30% crypto tax and 1% TDS apply nationally.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | south asia |
| Currency | INR |
| Capital Gains (Personal) | 30% flat + 4% cess |
| Capital Gains (Corporate) | 30% flat + surcharge |
| VAT on Crypto | — |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
No crypto-specific tax guidance available.
| Required | Yes |
| Regulator | FIU-IND (primary VASP regulator) / SEBI (security-like tokens, from April 2025) / RBI (CBDC, monetary policy) |
| Framework | Finance Act 2022 + Prevention of Money Laundering Act 2002 (PMLA) + PMLA VASP Notification (March 7, 2023) + FIU-IND AML/CFT Guidelines (January 8, 2026) |
Enforcement focused on unlicensed operators and consumer protection
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | regular_follow_up |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
No specific DeFi regulation
Status: no_rules
No specific stablecoin framework
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 20% |
| Infrastructure | good |
Electricity cost moderate; infrastructure good in Mumbai region; mining legal with no major restrictions.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | moderate |
Risk Factors
India not under OFAC, EU, UN, or UK sanctions. Stable democracy. No capital controls on crypto per se but 30%+TDS+GST regime creates significant friction. No conflict status.
Mumbai as financial capital hosts India's regulatory bodies. RBI based here. Same 30% crypto tax and 1% TDS apply nationally.
Maharashtra (Mumbai) is classified by FATF as: regular_follow_up.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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