India to Adopt OECD’s Crypto Transaction Reporting Framework by 2027

India is positioning itself at the forefront of global crypto regulation by committing to the OECD's Crypto-Asset Reporting Framework (CARF). The framework, set for implementation by April 2027, will mandate automatic sharing of crypto transaction data across borders, closing loopholes for offshore tax evasion. A senior finance ministry official confirmed India's intent to sign the Multilateral Competent Authority Agreement (MCAA) in 2026, solidifying the legal backbone for tax information exchange.

The MOVE mirrors South Korea's parallel efforts to enhance crypto transparency, signaling a coordinated Asian push for regulatory clarity. "Foreign exchange accounts, wallets, and offshore trades will no longer operate in the shadows," noted crypto tax platform KoinX. India's 2015 MCAA participation for traditional financial data now extends decisively into the digital asset realm.