India will adopt the OECD's Crypto Asset Reporting Framework (CARF) starting April 1, 2027, according to a senior official from the Ministry of Finance. This initiative aims to include residents' offshore cryptocurrency holdings under tax regulation, covering crypto exchanges, transfers, NFTs, and stablecoins to curb tax evasion. The Indian crypto market is estimated to have a transaction volume of approximately $172 billion, with user numbers expected to exceed 107 million by 2025.