---
type: subdivision
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "south_asia", "fatf", "legal"]
aliases: ["IN-MH", "IND-MH", "Maharashtra"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--india]]"]
sources:
  - name: "RBI / SEBI / FIU-IND"
    url: "https://www.rbi.org.in"
    type: "official"
  - name: "Finance Act 2022 + PMLA"
    url: "https://www.rbi.org.in"
    type: "framework"
---

# 🇮🇳 Maharashtra (Mumbai) (IN-MH) — Crypto Regulation

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

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Sub-jurisdiction of | [[country--india|India]] |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|south asia]] |
| Currency | [[entity--inr|INR]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | 30% flat + 4% cess |
| Capital Gains (Corporate) | 30% flat + surcharge |
| VAT on Crypto | No |
| Mining Tax | No specific guidance |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--rbi|RBI]] / SEBI / FIU-IND |
| Framework | Finance Act 2022 + PMLA |
| Ease | N/A |
| Cost | N/A |
| Timeline | N/A months |

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | No |
| Travel Rule | No |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | non_compliant |

## DeFi

**Status:** Unclear

No specific DeFi regulation

## Stablecoins

**Status:** no_rules

No specific stablecoin framework

## NFTs

**Status:** no_rules

No specific NFT regulation

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.08/kWh |
| Renewable Energy | 20% |
| Climate | tropical |
| Infrastructure | good |

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

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 40/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

Enforcement focused on unlicensed operators and consumer protection

## CBDC Status: pilot

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [RBI / SEBI / FIU-IND](https://www.rbi.org.in)
- [Finance Act 2022 + PMLA](https://www.rbi.org.in)