The post Indian Crypto Exchanges Now Require Live KYC and PAN Verification Under AML Law appeared first on Coinpedia Fintech News
India is stepping up its regulatory grip on cryptocurrencies as authorities intensify efforts to prevent money laundering and terrorist financing. The Financial Intelligence Unit (FIU), the country’s anti–money laundering watchdog, has rolled out a new set of rules that significantly raise compliance standards for crypto exchanges operating in the country. The updated framework signals a shift toward deeper surveillance and stricter accountability across India’s digital asset ecosystem.
Under the updated rules issued on January 8, crypto platforms are now officially classified as Virtual Digital Asset (VDA) service providers. This places them squarely within India’s anti–money laundering framework and subjects them to the same expectations as traditional financial institutions. Regulators cited the fast-moving and semi-anonymous nature
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