🇮🇳 India: Taxes Yes, Law No

• Crypto profits taxed at 30% — no deductions allowed
• 1% TDS on transactions above ₹10,000
• Stricter reporting for platforms since April 2026
• Crypto is not legal tender, but holding and trading is permitted
• Asset Tokenisation Bill 2026 under discussion in the Ministry of Finance
• RBI is piloting the Digital Rupee (e₹) and proposed linking BRICS CBDCs for cross-border payments — the dollar steps aside 🔄

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🇮🇷 Iran: Crypto as a Geopolitical Instrument

• Central Bank is the sole crypto regulator (since January 2025)
• Mining is legal with a license
• Since April 2026 — crypto payments for oil tanker transit through the Strait of Hormuz 🚢
• IRGC uses crypto to circumvent sanctions
• June 2026: OFAC sanctioned 4 Iranian exchanges (Nobitex, Wallex, Bitpin, Ramzinex)
• Tether froze $344M USDT on Iranian addresses

Iran is an example where digital assets become not an investment, but a tool of state survival.

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🇨🇳 China: Prohibition with Exceptions

February 2026 — expanded crypto ban:
• Stablecoins (USDT) — banned
• RWA tokenization — strictly controlled, with rare exceptions
• Chinese companies tokenizing assets abroad must obtain regulatory approval
• Meanwhile: digital yuan (e-CNY) is actively developing as an alternative

Paradox: China bans decentralized digital rights while building the world's most advanced CBDC.