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 |
Mining is legal with moderate electricity costs; infrastructure in Mumbai is good with reliable internet and power supply.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Banking Access | moderate |
| Sanctions Program Active | Yes |
Risk Factors
India is politically stable with moderate corruption and moderate ease of doing business. No international sanctions apply. Banking access for crypto firms is moderate due to regulatory caution.
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: 2026-09-29 · Data source: Soken Crypto Legal Map
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