India Becomes OECD Member: Will Start Disclosing Crypto Transaction Information By 2027

India will implement the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) by 1 April 2027. This initiative will facilitate automatic cross-border trading platform of crypto transaction information and enhance tax scrutiny on overseas assets.

Crypto exchanges and service providers in India will be required to gather and submit customer and transaction data to local tax authorities. The data streams are anticipated to uncover crypto assets and foreign exchange activities held by Indian citizens, addressing regulation and transparency challenges.

India has gained recognition for its significant crypto adoption, but faces challenges in establishing a robust regulatory framework. New Delhi seeks uniformity in crypto tax transparency. Furthermore, the Indian government plans to enter into a Multilateral Competent Authority Agreement related to CARF in 2026, which will legally authorize these exchanges, distinct from India’s existing 2015 agreement concerning traditional financial accounts.

As per local media sources released on 1 September 2025, updates to legislation and systems are being developed to align with the 2027 launch timeline.

BIG BREAKING: India is poised to overhaul the CRYPTO Tax Rulebook!

Beginning April 2027, all Indian Crypto holders, both locally & internationally, will fall under OECD’s CARF framework.

A global tax agreement (MCAA) is set to be signed in 2026.

A significant advancement for Crypto transparency & accountability.

Source:… pic.twitter.com/Hy0wiXZCVG

— Sapna Singh (@earnwithsapna) September 2, 2025

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India, US Lead Cryptocurrency Adoption – Chainalysis Report

As highlighted in Chainalysis’ recent report released on 2 September 2025, India ranked first while the US secured the second position in global crypto adoption.

“In 2025, the APAC region further established itself as the global center for grassroots crypto engagement, spearheaded by India, Pakistan, and Vietnam, where their populations drove significant adoption across both centralized and decentralized services,” the report indicated. The study revealed that the total crypto transaction volume in APAC surged from $1.4 trillion to $2.36 trillion, boosted by strong participation in markets like India, Vietnam, and Pakistan.

In contrast, North America ascended to the second-highest regional position, thanks to regulatory progress. This includes the approval of spot BTC ETFs and clearer institutional frameworks, which have helped legitimize and accelerate crypto involvement in traditional financial systems.

The analysis indicates that North America and Europe still prevail in absolute terms, attracting over $2.2 trillion and $2.6 trillion, respectively, in the previous year.

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India’s Crypto Tax Discussions Propel Asian Crypto Policy Reforms

The Central Board of Direct Taxes (CBDT), India’s authority on direct taxes, has reportedly engaged with domestic crypto platforms to discuss the current framework for virtual digital assets (VDA).

Industry insiders indicated that the CBDT examined the effectiveness of the existing taxation structure on crypto and solicited feedback on whether a new standalone legal framework is necessary.

The discussion appears to center around the 1% tax imposed at source (TDS) on crypto trades, restrictions on wrecked offsetting, and the ambiguity surrounding offshore transactions.

The CBDT has also sought input on selecting government agencies responsible for crafting the new crypto framework.

Read More: Asian Crypto: Policy Shifts and Blockchain Moves

 

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