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Pushpendra Singh: India sets new crypto reporting framework for exchanges

Pushpendra Singh: India sets new crypto reporting framework for exchanges
India mandates crypto exchange transaction reports

Pushpendra Singh, crypto educator and blockchain enthusiast, reports that India has introduced new crypto reporting rules. The Central Board of Direct Taxes (CBDT) has issued guidelines for crypto exchanges under the OECD's Crypto-Asset Reporting Framework (CARF).

Exchanges are now required to report eligible crypto transactions annually. Additionally, exchanges must collect users' tax residency and identification details to comply with these regulations.

India’s Finance Committee previously proposed using self-regulatory organizations to oversee the crypto sector ahead of a full regulatory framework. Pushpendra Singh has also called on the Finance Minister to adopt crypto tax reforms, including a slab-based tax structure and lower TDS. These earlier moves reflect ongoing efforts to clarify oversight and compliance for digital assets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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