Reporting Without Regulating: India Adopts the OECD’s Crypto Framework, But the Law Underneath It Remains Unfinished
On 24 July 2026 the Central Board of Direct Taxes released a 198-page Guidance Note on crypto-asset reporting obligations. It is a serious, carefully drafted document, and it marks the moment India formally operationalized the OECD’s Crypto-Asset Reporting Framework (CARF) through section 509 of the Income-tax Act, 2025, Rules 241 to 244 of the Income-tax […]