India to implement OECD's crypto reporting framework starting in 2027

ChainCatcher News, according to market sources, a senior official from the Indian Ministry of Finance revealed that India will implement the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) starting from April 1, 2027, bringing overseas crypto assets held by Indian residents under tax regulation.

The official stated that India is expected to sign the Multilateral Competent Authority Agreement (MCAA) next year—a global framework for the automatic exchange of tax information. The official clarified that although India signed the MCAA for financial account information in 2015, a separate agreement under the CARF framework is still required for crypto assets. To ensure deployment is completed before the 2027 deadline, relevant legislative amendments and system preparations have already been fully launched.