India tightens crypto KYC, ending anonymous trading with biometric and bank-linked verification.
The move brings crypto under strict financial oversight to curb tax evasion and anonymous activity.
India has introduced very strict rules for crypto exchanges and crypto users. The Rules were issued by India’s Financial Intelligence Unit (FIU), which aims to reduce fraud, money laundering, and misuse of crypto after several major exchange hacks and security incidents.
What India’s New Crypto KYC Rules Require From Users
The new KYC rules are that if you want to use the crypto exchange in India, you must follow them.
Take a Live selfie (with eye blinking or head movement) to prove that you are physically present.
You should submit the government IDs, like Aadhar, passport, or voter ID.
You need to complete the test bank transaction before trading.
You need to allow exchanges to record the IP address, location, device details, and Timestamp of the login.
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