India Tightens Crypto Regulation, Expands FATCA and CRS Rules

• India has launched new crypto regulation guidelines focusing on tax policies. 
• The new law includes crypto, CBDCs, and other digital assets under international tax rules.
• The country is also expanding its focus to the broader digital ecosystem beyond crypto. 

The Indian government has introduced a new layer of crypto regulation by expanding its global tax reporting framework. As per the new regime, cryptocurrencies, central bank digital currencies (CBDCs), and other digital assets fall under international tax reporting rules.

Notably, the latest crypto regulation move comes as part of India’s adoption of the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These rules mandate financial organizations to report crypto-related accounts along with traditional assets. It is worth highlighting that these moves indicate the country�…

Read The Full Article India Tightens Crypto Regulation, Expands FATCA and CRS Rules On Coin Edition.