Global #India

India is set to adopt the OECD's Crypto-Asset Reporting Framework (CARF), a major step that will enable the automatic sharing of crypto transaction data with other countries.

India's top tax body, the Central Board of Direct Taxes (CBDT), is consulting with local cryptocurrency firms to address the country's current digital asset policies.

India is significantly enhancing its tax surveillance capabilities to combat evasion across the rapidly evolving digital landscape, specifically targeting digital banking, cryptocurrency, and cloud storage.

India's burgeoning crypto ecosystem has received a significant impetus with the introduction of the COINS Act (Crypto-systems Oversight, Innovation and Strategy Act), a groundbreaking model law designed by Web3 venture firm Hashed Emergent and policy group Black Dot.

As Bitcoin breaches the unprecedented $122,000 mark for the first time today, the global cryptocurrency job market is experiencing a significant boom.

Pradeep Bhandari, a senior spokesperson for India’s ruling Bharatiya Janata Party (BJP), has called for the launch of a Bitcoin reserve pilot project in India, signaling a potential step toward modernizing the country’s financial system and enhancing economic resilience.