India Updates Tax Reporting Rules to Include Crypto Assets and CBDC

By: economictimes.indiatimes.com|2026/08/04 05:40:13

The Central Board of Direct Taxes (CBDT) of India has issued revised guidelines updating the implementation rules for FATCA and the Common Reporting Standard. The new rules include crypto assets, central bank digital currencies (CBDCs), and digital financial products within the reporting scope. Financial institutions are required to identify reportable accounts, verify tax residency status, and report relevant information in accordance with automatic information exchange requirements. Enhanced due diligence is required for high-value accounts with balances exceeding $1 million.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

Cybersecurity Events: USB Worm Targets Crypto Wallets, Apple Closes Hole in Beats Studio Buds

Cybersecurity events over the past week have once again been closely tied to cryptocurrencies: attackers promoted a clipper through fake reputations on GitHub and YouTube, a USB worm spread via hidden Windows shortcuts, and researchers discovered a new Android trojan for stealing digital assets. The...

Solana Surpasses Base with 518,400 x402 Transactions

On January 20, Solana (SOL) processed 518,400 x402 transactions in a single day, surpassing Base for the first time in six months. The increase in x402 transactions is interpreted as an indicator of the frequency of AI agent payments and stablecoin usage.

Ethereum EIP-8148 Discusses Adjustment of Automatic Withdrawal Criteria from 32 ETH to 2048 ETH

A proposal is being discussed that allows validators to set the automatic withdrawal criteria for Ethereum (ETH) staking rewards. EIP-8148 enables the 0x02 compound validator to set the automatic withdrawal threshold at 32 ETH...

Cofund Maps Over 24 Bitcoin Covenant Use Cases

Cofund has released an interactive atlas compiling over 24 use cases of Bitcoin (BTC) covenants. This material is not an announcement of new features applied to BTC, but rather a map that visually presents the covenant designs that are still in the discussion phase.

Purchase of Cryptocurrency Through Intermediaries Will Be Available to Unqualified Investors

The purchase of cryptocurrency through intermediaries in Russia will be allowed for unqualified investors after testing and within an annual limit. The Bank of Russia explained how the new order for the circulation of digital currency should work from September 1, if the law passes all remaining pro...

Saudi Arabia Leads Mecca Agreement, Oil Dollar System Faces New Trust Test

...

Contents

Latest coin listings on WEEX

iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com