India to Enforce Global Crypto Reporting Standards Starting April 2027
India will begin sharing cryptocurrency transaction records with foreign tax authorities from April 1, 2027, marking a significant regulatory shift for digital assets. The MOVE targets offshore trading platforms and aligns with the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD).
Technical integration is underway to connect India to a global system for automatic information exchange. Once operational, tax offices will receive details on overseas crypto dealings linked to Indian users while sharing domestic data with partner jurisdictions. The goal is to curb cross-border tax evasion and improve enforcement.
The CARF mirrors existing bank account reporting systems, standardizing crypto asset disclosures across borders. India's commitment reflects a broader trend of institutional adoption and regulatory maturation in the digital asset space.
