GIFT City IFSC operates under a clear and comprehensive regulatory framework established by the IFSCA Act 2019 and subsequent regulations, providing a unified authority for financial services in the IFSC. The regulatory environment is designed to promote ease of doing business and global connectivity.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | south asia |
| Currency | INR |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | IFSCA |
| Framework | IFSCA Act 2019 and related regulations |
| Ease | medium |
| Cost (USD) | $10,000 - $75,000 |
Licensing is governed by the IFSCA with multiple regulations covering payment services, fund management, and fintech entities. The process is structured but requires compliance with detailed regulatory standards.
Enforcement focused on unlicensed operators and consumer protection
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Legal
DeFi activities are permitted within the regulatory framework of IFSCA, with ongoing consultations to integrate electronic trading platforms and fintech innovations.
Status: regulated
Stablecoins are regulated under the IFSCA framework, with specific guidelines expected under forthcoming regulations for electronic trading platforms and fintech services.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 20% |
| Infrastructure | good |
Mining is legal with moderate electricity costs and 20% renewable energy usage. Infrastructure supports financial and tech services with ongoing development.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | open |
| Sanctions Program Active | Yes |
Risk Factors
GIFT City benefits from India's stable political environment and growing financial infrastructure. While India is not under international sanctions, regional geopolitical tensions and evolving regulations pose moderate risks.
Recent Political Events
GIFT City IFSC operates under a clear and comprehensive regulatory framework established by the IFSCA Act 2019 and subsequent regulations, providing a unified authority for financial services in the IFSC. The regulatory environment is designed to promote ease of doing business and global connectivity.
GIFT City IFSC (International Financial Services Centre) is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
Soken combines Web3 security engineering and crypto-legal counsel — two specialised tracks, one team. Pick the side that matches your need.
VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
Explore Legal Services → IT & SecuritySmart-contract audits, penetration testing, Web3 development, AI/LLM security audits.
Explore IT Services →Last reviewed: 2026-09-13 · Data source: Soken Crypto Legal Map
← Back to Crypto Map