India tightens cryptocurrency trading declaration rules in 2026-27 fiscal year budget

The Indian central government plans to strengthen the supervision of cryptocurrency trading declaration in the 2026-27 fiscal year budget and revise the provisions of the income tax law. Those who fail to report transaction information within the prescribed time limit will be fined 200 Indian rupees per day, and those who provide false or misleading information will be fined up to 50000 Indian rupees. The new regulations require intermediaries such as exchanges and digital wallet service providers to truthfully report all transaction information, and violators will face economic penalties. The new regulations will officially come into effect on April 1, 2026.