Policy Event ยท High impact

India Expands Financial Account Reporting to Include Crypto Assets

India CBDT formally notifies expansion of income tax rules to cover crypto assets, CBDCs, and electronic money products in financial account reporting framework. The updated rules require crypto asset service providers and financial institutions to report transactions and balances to tax authorities. This positions India alongside OECD CARF adopters in creating comprehensive crypto tax reporting infrastructure.

High impact๐Ÿ‡ฎ๐Ÿ‡ณ IndiaTaxationRegulationBTCETHUSDTUSDC

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around taxation, regulation in India. Protocols/assets in scope: BTC, ETH, USDT, USDC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Taxation tracker page โ†’

Related policy events

Korean Supreme Court Proposes Seven-Day Crypto Seizure Rule

South Korea's Supreme Court is proposing civil-execution rules that would require crypto exchanges to identify and disclose debtor holdings within seven days, then freeze or liquidate assets under court order. Exchanges need court-order intake, asset-location, freezing, liquidation and user-notice controls before the expected October 1 start date.

High impact๐Ÿ‡ฐ๐Ÿ‡ท South KoreaRegulationExchangeAML

UK FCA Prepares Tokenized Gold Framework

UK regulators are preparing a framework for tokenized gold while encouraging blockchain use across trading, settlement, clearing and custody. Tokenized commodity issuers and venues will face tighter scrutiny around physical custody, reserve audits, redemption rights, price sources and cross-border distribution limits.

High impact๐Ÿ‡ฌ๐Ÿ‡ง United KingdomRegulationTokenizationCustodyXAUT