नमस्ते Crypto Lovers! अगर आप इंडिया में crypto trading शुरू करना चाहते हैं, तो ये पोस्ट आपके लिए है। 2025 में सरकार ने कई नए नियम बनाए हैं जो हर trader को जानना ज़रूरी है।
Legal Landscape: FIU-IND & PMLA Compliance
What is FIU-IND?
FIU-IND stands for Financial Intelligence Unit – India. It’s the central agency under the Ministry of Finance responsible for:
Collecting and analyzing financial transaction data.
Detecting suspicious activity (money laundering, terror financing).
Enforcing compliance under the Prevention of Money Laundering Act (PMLA), 2002.
What is PMLA?
The Prevention of Money Laundering Act (PMLA) is India’s key law to combat financial crimes. Since March 2023, it applies to Virtual Digital Asset (VDA) service providers—including crypto exchanges, wallets, and custodians.
Under PMLA, these platforms must:
Register with FIU-IND as Reporting Entities.
Implement KYC (Know Your Customer) procedures.
Maintain detailed transaction records.
Report suspicious transactions to FIU-IND.
हाल हीं में भारत सरकार की Financial Intelligence Unit (FIU-IND) ने 25 offshore crypto exchanges को notice भेजा है क्योंकि उन्होंने PMLA (Prevention of Money Laundering Act) के तहत registration नहीं किया था। नीचे भारत सरकार द्वारा बैन किए हुए exchanges का लिस्ट है | Please make sure you are not using these platforms anyway
Banned Offshore Exchanges
• Huobi
• Paxful
• Bitfinex
• BingX
• Gate.io
• MEXC Global
• BTSE
• CoinW
• AAX
• Poloniex
• CEX.IO
• LBank
• BKEX
• WhiteBIT
• Toobit
• Deepcoin
• Pionex
• Coinstore
• ZT Global
• WOO X
• DigiFinex
• Bybit
• KuCoin
• Bibox
• Bitget
ध्यान रखें: VPN से इन platforms को access करना illegal है।
Likely FIU-Compliant Exchanges
As of October 2025, FIU-IND has not released a public PDF or official list explicitly naming all legal crypto exchanges in India.
- Delta Exchange
- CoinDCX
- WazirX
- ZebPay
- Coinbase
These platforms typically display FIU registration badges on their websites and apps, and enforce strict KYC/AML protocols.
Tax Rules for Crypto Traders
Under the Income Tax Act (Section 2(47A)), cryptocurrencies, NFTs, and similar digital tokens are classified as Virtual Digital Assets (VDAs). They are legal to hold and trade, but not recognized as legal tender—meaning you can’t use them for payments.
Tax Rates & Deductions
| Tax Component | Details |
|---|---|
| Flat Tax Rate | 30% on profits from sale or transfer of VDAs |
| TDS (Tax Deducted at Source) | 1% on all crypto transfers, regardless of profit or loss |
| Surcharge & Cess | Additional 4% cess + applicable surcharge based on income slab |
| No Expense Deductions | Only cost of acquisition allowed; no deductions for fees or losses |
| No Loss Offset | Losses from crypto cannot be set off against other income or carried forward |
| Taxable | Not Taxable |
|---|---|
| Selling crypto for INR or fiat | Holding crypto without selling |
| Swapping one crypto for another | Transferring between your own wallets |
| Staking rewards | |
| Airdrops and hard forks | |
| Mining income | |
| Payments made in crypto |
Penalties for Non-Compliance
Up to 70% penalty for unreported gains (retroactive for 4 years)
Interest and prosecution for willful evasion
Mandatory reporting by exchanges to Income Tax Department
Taxes applicable on income generated by trading crypto future and option contracts
Delta Exchange and similar platforms argue that:
Crypto futures and options are derivative contracts, not direct transfers of Virtual Digital Assets (VDAs).
These contracts are cash-settled, not settled in crypto.
Therefore, they may not fall under Section 115BBH, which imposes the flat 30% tax on VDA transfers.
Instead, they could be treated as speculative business income, taxed under normal slab rates (as per Section 43(5) of the Income Tax Act).
This interpretation allows:
| Tax Category | Treatment |
|---|---|
| Speculative Income | Added to total income and taxed per slab |
| Losses | Can be set off against other speculative gains |
| Expenses | Brokerage, platform fees may be deductible |
| Reporting | Use ITR-3 (business income) |
What the Income Tax Department Actually Says
The Income Tax Act, 2025 (replacing the 1961 Act- will come into effect from 1 April 2026, governing the Financial Year 2026–27 onwards) defines Virtual Digital Assets (VDAs) under Section 2(111) and applies Section 115BBH to tax any income from the transfer of VDAs at a flat 30% rate, regardless of:
Holding period
Type of transaction (spot, swap, or derivative)
Whether it’s capital gains or business income
This includes:
Crypto spot trades
Crypto-to-crypto swaps
NFT sales
Crypto derivatives, if they involve transfer or settlement in crypto
So far, no official circular or notification from the Income Tax Department exempts crypto futures or options from this flat tax regime.
Why Exchanges Claim Exists
Exchanges argue that:
Their contracts are cash-settled in INR, not crypto
Traders never “transfer” a VDA—just speculate on price movement
Therefore, gains should be treated as speculative business income under Section 43(5)
Taxed as per normal slab rates, not 30% flat
This interpretation is not illegal, but it’s not officially endorsed either. It’s a position that traders can take—with proper documentation and a tax advisor’s backing.
Tips to Stay Safe & Legal
FIU-IND verified exchanges का ही use करें ✔️
अपनी trades का पूरा record रखें ✔️
Crypto tax software जैसे Koinly या ClearTax Crypto use करें ✔️
Advance tax timely भरें ✔️
RBI और FIU-IND की updates regularly check करें ✔️
Crypto trading अब इंडिया में regulated है। अगर आप smart और compliant रहेंगे, तो ये एक अच्छा investment option बन सकता है।
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Writer’s Note
This article is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading endorsements. We are not suggesting that you buy, sell, or invest in any cryptocurrency or digital asset. Crypto markets are volatile and subject to regulatory changes. Always do your own research, assess your financial situation, and consult a qualified advisor before making any decisions. The views expressed here are based on publicly available information as of 2025 and may evolve over time.
Thank You
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