India Crypto Tax Rules Expand to Cover Crypto Assets, CBDCs and Digital Money

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India has updated its FATCA and Common Reporting Standard (CRS) framework to include specified crypto-assets, central bank digital currencies (CBDCs), and digital money products under its global tax reporting rules. The Central Board of Direct Taxes (CBDT) also introduced stricter due diligence requirements for reporting financial institutions (RFIs), including banks, mutual funds, insurers, custodians, and …