Crypto exchanges to collect tax residency, ID details of users under new CBDT framework
Economic Times 1 hr ago·26 Jul 2026, 6:23 pm
India has introduced a new framework that requires crypto exchanges to collect tax residency and ID details of their users. This move is part of a global effort to increase transparency in crypto transactions, and it aligns with the OECD's Crypto Asset Reporting Framework. The new rules will help tax authorities track and monitor crypto transactions, and exchanges will need to share user data annually, starting from the next financial year.
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