FIU likely to launch global crypto exchange database by March next year

India may soon unveil a global database for crypto exchanges that will provide law enforcement agencies with important information on crypto assets and help track their use, The Economic Times (ET) reported on Tuesday. It is expected to be launched by the end of the current financial year, an official was quoted in the report as saying.

The move is being seen as one to bring India closer to global thinking on these assets. Earlier, the Organisation for Economic Co-operation and Development (OECD) released its Crypto-Asset Reporting Framework (CARF) for tax information on crypto transactions.