GIFT City IFSC operates under the unified regulatory framework of the International Financial Services Centres Authority (IFSCA), which provides a clear and comprehensive regulatory environment for financial services including crypto assets. The IFSCA Virtual Digital Asset Sandbox facilitates innovation in digital assets within a regulated framework.
| Status | Legal |
| Risk Score | 25/100 (Low Risk) |
| Region | south asia |
| Currency | INR |
| VAT on Crypto | No |
The regulator page does not specify detailed crypto tax rates or rules, but indicates no VAT on crypto transactions within the IFSC.
| Required | Yes |
| Regulator | IFSCA |
| Framework | IFSCA Act 2019; IFSCA (Payment Services) Regulations 2024; IFSCA (TechFin and Ancillary Services) Regulations 2025; IFSCA (Fund Management) Regulations 2025; IFSCA FinTech Entity Framework 2022; IFSCA Global Access Framework 2025 (circular IFSCA-PLNP/80/2024, August 12 2025) |
| Ease | medium |
| Cost (USD) | $10,000 - $75,000 |
Licensing is governed by IFSCA regulations with a sandbox framework for virtual digital assets to encourage innovation while ensuring compliance.
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: regulated
DeFi activities are regulated under the IFSCA framework, with sandbox provisions allowing controlled experimentation and compliance.
Status: regulated
Stablecoins are regulated under the IFSCA framework, ensuring compliance with financial regulations applicable to digital assets.
Status: no_rules
No specific NFT regulation
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 20% |
| Infrastructure | good |
Mining is legal within GIFT City IFSC with competitive electricity costs and a moderate renewable energy mix. Infrastructure supports financial and tech services well.
| Stability | stable |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | moderate |
Risk Factors
GIFT City IFSC benefits from India's overall stable political environment and improving regulatory framework, though regional geopolitical tensions and evolving regulations pose moderate risks.
GIFT City IFSC operates under the unified regulatory framework of the International Financial Services Centres Authority (IFSCA), which provides a clear and comprehensive regulatory environment for financial services including crypto assets. The IFSCA Virtual Digital Asset Sandbox facilitates innovation in digital assets within a regulated framework.
GIFT City IFSC (International Financial Services Centre) is classified by FATF as: regular_follow_up.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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