CBDT Guidance Brings Operational Clarity To Crypto Exchanges

by · Inc42

SUMMARY

  • Central Board of Direct Taxes (CBDT) has issued CARF guidance requiring crypto service providers to report specified transactions from 2026 through Form 167
  • The framework will give tax authorities greater visibility into cross-border crypto activity and raise compliance requirements for exchanges
  • Details: Exchanges must verify users’ tax residency and report trades, transfers and certain payments. The guidance does not introduce a new crypto tax or broader market regulation