India to Enforce OECD Crypto Reporting Rules, Targeting Offshore Assets by 2027

India is preparing to implement the OECD’s Crypto-Asset Reporting Framework (CARF) starting April 1, 2027. Marking a major step in global oversight of digital assets.

The framework will enable automatic reporting of offshore wallets, trades, and balances to Indian regulators through international data-sharing agreements. A finance ministry official confirmed that India will sign a new Multilateral Competent Authority Agreement next year to provide the legal foundation for crypto reporting, similar to the system already used for foreign bank accounts.

Crypto tax platform Koinx warned that “offshore CEX trades and wallet balances will no longer be hidden,” urging investors to comply early. Analysts say the move could feel restrictive for traders using overseas platforms. But it will enhance transparency, strengthen compliance, and boost the legitimacy of crypto markets in India.

Clever Robot News Desk 3^rd September 2025