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 (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 | No |
| FATF Status | fsrb_only |
| 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.
Soken combines Web3 security engineering and crypto-legal counsel — two specialised tracks, one team. Pick the side that matches your need.
VASP licensing, jurisdiction analysis, AML/KYC, legal opinions, company registration and banking access.
Explore Legal Services → IT & SecuritySmart-contract audits, penetration testing, Web3 development, AI/LLM security audits.
Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
← Back to Crypto Map