btc crashed, taxes stayed but offshore crypto just got way riskier for indians

everyone’s talking about what went wrong this month, btc down ~25%, no tax relief in the budget, penalties everywhere but there’s one shift nobody’s connecting. india is joining global crypto data sharing (carf). from 2027, offshore exchanges will share transaction data with indian authorities. so if you’re trading on binance/bybit/kucoin thinking it’s “outside the system”, it’s really just delayed disclosure, with penalties and interest stacked on top. the math feels different now:

before → offshore = lower friction, lower detection

now → offshore = same tax + higher compliance risk later

counterintuitive take: indian exchanges with proper reporting might actually be the *safer* option going forward, because regulatory risk is real now.i moved onshore a while back (using coinswitch). felt stupid then. feels less stupid now.

anyone else rethinking offshore exposure after the budget + carf news?