India
Bitcoin Countries
India is one of the world's largest Bitcoin markets by total volume and user count, with 100+ million cryptocurrency users. Despite a regulatory environment that has oscillated between hostility and tolerance, Bitcoin adoption has surged driven by inflation hedging, remittances, and a massive young tech-savvy population. India imposed a 30% flat tax on crypto gains and a 1% TDS (tax deducted at source) on transactions in 2022 — strict but defining legitimacy. The country ranks highly on Chainalysis's Global Crypto Adoption Index, and major Indian exchanges like CoinDCX and WazirX serve tens of millions of users.
Details
- Tds
- 1%
- Status
- regulated
- Notable
- 100M+ crypto users; 30% gains tax + 1% TDS defined in 2022; high adoption despite regulatory complexity
- Legal Status
- legal with high taxation
- Chainalysis Rank
- Top 10 adoption
- Capital Gains Tax
- 30%
- Population Millions
- 1440
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