🇮🇳 Karnataka (Bangalore)

Bangalore is India's tech and crypto startup hub. Federal regulation applies (30% flat tax on crypto gains, 1% TDS). Major exchanges WazirX and CoinDCX headquartered here.

Overview

StatusLegal
Risk Score30/100 (Moderate Risk)
Regionsouth asia
CurrencyINR

Tax

Capital Gains (Personal)30% flat + 4% cess
Capital Gains (Corporate)30% flat + surcharge
VAT on CryptoNo
Staking TaxNo specific guidance
Airdrop TaxNo specific guidance

No crypto-specific tax guidance available.

Licensing

RequiredYes
RegulatorRBI / SEBI / FIU-IND
FrameworkFinance Act 2022 + PMLA
EaseN/A
CostN/A

DeFi

Status: Unclear

No specific DeFi regulation

Stablecoins

Status: no_rules

No specific stablecoin framework

NFTs

Status: no_rules

No specific NFT regulation

Mining

LegalYes
Electricity$0.08/kWh
Renewable20%
Infrastructuregood

Karnataka, especially Bangalore, has good data center infrastructure and moderate electricity costs. Mining is legal with no special restrictions.

Geopolitics

Stabilitystable
SanctionsNo
Corruption Index40/100
Banking Accessmoderate

Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map

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