India plans to adopt the OECD’s Crypto-Asset Reporting Framework (CARF) starting April 1, 2027, to monitor residents’ foreign crypto transactions, including exchanges, transfers, NFTs, and stablecoins. With a domestic market boasting $172 billion in volume and over 107 million users projected by year-end, the rules aim to curb tax evasion and boost revenue. This aligns India with global efforts to regulate the booming sector.
India’s Crypto Tax Net Widens: OECD Framework Implementation from 2027 Targets Overseas Holdings
