India will follow OECD’s global cryptocurrency tax filing rules starting from April 2027

Wu said that according to the Business Flag, a senior official from the Indian Ministry of Finance revealed that India will implement the OECD's Crypto Assets Reporting Framework (CARF) from April 1, 2027 to include residents' overseas cryptocurrency positions in tax regulation. CARF will cover crypto exchange, transfer, NFT, stablecoins, etc., aiming to plug tax evasion loopholes. Industry estimates show that the transaction volume in the crypto market in India is about US$172 billion, and the user size is expected to exceed 107 million by 2025.
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