India to Begin Cross-Border Crypto Data Sharing Under OECD Framework by 2027
India will start exchanging cryptocurrency transaction data with other nations under the OECD's Crypto-Asset Reporting Framework (CARF) beginning April 2027. The MOVE signals heightened regulatory scrutiny as authorities prepare penalties for non-compliant platforms starting April 2026.
Domestic reporting systems are being strengthened during the 2026-27 fiscal year to meet CARF requirements. The framework mandates automatic exchange of crypto transaction details between tax authorities, mirroring existing banking information sharing protocols.
Technical infrastructure for the data exchange remains under development, with officials targeting completion within months. The enforcement timeline suggests India is prioritizing regulatory control over foreign crypto platforms before implementing international cooperation mechanisms.
