India to begin cross-border crypto data sharing from April 2027
05 Feb 2026, 06:38 PMThe move comes amid concerns that a significant share of crypto trading by Indian users is happening on overseas platforms.
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India will begin exchanging transactions related to cross-border cryptocurrency data with other countries from April 1, 2027, The Economic Times reported citing an unidentified senior official.
India has already started to work on the detailed sharing format which will be out before April this year.
The move comes amid concerns that a significant share of crypto trading by Indian users is happening on overseas platforms.
India will share and receive the data under the Crypto-Asset Reporting Framework (CARF), a global standard led by the Organisation for Economic Co-operation and Development. Under the framework, countries are automatically required to share data on crypto transactions between tax authorities. This is similar to an existing framework for sharing of information on banking sector transactions.
The crypto space in India has been highly regulated with the Union Budget 2026 laying down penalties for non compliance on certain rules.
From April 1, 2026, entities that fail to submit required crypto transaction statements will face a daily penalty of Rs 200, while inaccurate reporting or failure to rectify errors will attract a flat penalty of Rs 50,000, according to the budget documents.
In 2022, the Indian government had introduced a 30% tax on gains and a 1% tax deducted at source from crypto transactions.
This crippled a slew of venture capital-backed crypto startups that had raised significant external capital during the funding boom of 2021.
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