Crypto-asset reporting obligations turn on tax nexus, branch presence, and partner-jurisdiction compliance for service providers. A reporting crypto-asset service provider is subject to reporting and due diligence obligations where it has Indian tax residence, incorporation, legal personality, management, filing obligations, or a regular place of business in India, and also for transactions through an Indian branch. The rule further excludes Indian compliance where equivalent requirements have already been completed in a partner jurisdiction on the basis of residence, incorporation, legal personality, filing obligations, management, or branch activity, or where a notification confirms completion under substantially similar nexus rules.