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India to Begin Global Crypto Transaction Data Sharing in 2027 Under OECD CARF: Compliance Impact for Exchanges and Traders

According to @simplykashif, India will begin sharing cryptocurrency transaction data with other countries from April 1, 2027 under the OECD Crypto-Asset Reporting Framework, as reported by The Economic Times. Officials have already started work on the global data-sharing format and will provide technical support to crypto exchanges to upgrade systems, according to The Economic Times. Under CARF, reporting crypto-asset service providers must perform due diligence, collect customer and transaction details, and exchange this information with tax authorities to enhance cross-border tax transparency, according to the OECD. For traders and exchanges serving Indian residents, this means expanded compliance and KYC requirements across on-ramps and off-ramps aligned with CARF standards, according to the OECD and The Economic Times.

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