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 | 30/100 (Moderate 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 (Finance Company) Regulations 2021; IFSCA Virtual Digital Asset Sandbox |
| Ease | medium |
| Cost | $10,000 - $75,000 |
Licensing is governed by IFSCA regulations with a sandbox framework for virtual digital assets to encourage innovation while ensuring compliance.
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 | $0.08/kWh |
| Renewable | 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 |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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