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India Tightens Crypto KYC Rules With Live ID and Location Checks
Yahoo Finance· 2026-01-12 09:49
India has moved to tighten oversight of cryptocurrency platforms, with the Financial Intelligence Unit introducing stricter identity and monitoring requirements aimed at curbing illicit activity. Key Takeaways: India now requires live identity checks and stricter KYC for crypto exchanges. Platforms must collect PAN, location data and verified bank details from users. Exchanges say the rules clarify compliance and reduce enforcement uncertainty. Under updated guidelines issued on January 8, crypto ...