Global crypto reporting framework transforms regulatory landscape. India has operationalized a new system aligned with OECD standards, making offshore cryptocurrency holdings increasingly visible to tax authorities through automatic cross-border data sharing. This marks a significant shift from the previous era when crypto operated in regulatory grey zones. Investors who held digital assets on offshore exchanges could largely avoid detection by Indian authorities. The 2026 Union budget formalized this change through legislative updates implemented across 2025 and 2026 budgets. Combined with India's existing 30% capital gains tax and 1% transaction tax introduced in 2022, the reporting framework aims to integrate crypto into the global tax system.
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