Crypto Penalty Rule from April 1: Daily Fines for Non-Compliance, Budget 2026 Impact
Technology
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CNBC Awaaz•01-02-2026, 17:24
Crypto Penalty Rule from April 1: Daily Fines for Non-Compliance, Budget 2026 Impact
- •A new daily penalty rule for crypto assets will be implemented from April 1, 2026, as announced in Budget 2026.
- •Failure to provide timely information on crypto assets will incur a penalty of ₹200 per day.
- •Providing false, incomplete, or misleading information about crypto assets can lead to a penalty of up to ₹5 lakh.
- •The rule applies to crypto exchanges, digital asset platforms, and investors required to report, aiming for transparency and accountability.
- •Industry experts like Edul Patel of Mudrex view this as a significant policy shift, strengthening compliance and investor confidence.
Why It Matters: New crypto penalty rules from April 1, 2026, mandate strict reporting and transparency, with daily fines for non-compliance.
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