🇮🇳 Maharashtra (Mumbai) Subdivision of India

Mumbai as financial capital hosts India's regulatory bodies. RBI based here. Same 30% crypto tax and 1% TDS apply nationally.

Overview

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

Tax Information

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 & Registration

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

Enforcement Activity

Level: Moderate

Enforcement focused on unlicensed operators and consumer protection

AML / KYC

KYC RequiredNo
Travel RuleNo
FATF MemberNo
FATF Statusnon_compliant
FATF BodyFATF
Suspicious-Activity ReportingNo

DeFi, Stablecoins & NFTs

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 Cost$0.08/kWh
Renewable Energy20%
Infrastructuregood

Electricity cost moderate; infrastructure good in Mumbai region; mining legal with no major restrictions.

Geopolitical Risk

Stabilitymoderate
SanctionsNo
Corruption Index40/100
Banking Accessmoderate

Risk Factors

India has a stable democratic system but faces bureaucratic and regulatory challenges. No international sanctions. Moderate corruption and internet freedom. Banking access for crypto firms improving but still moderate.

Sources

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

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