India Enforces Stringent KYC Rules for Crypto Exchanges

News Flash 2026-01-12 08:30

India's Financial Intelligence Unit (FIU) has introduced rigorous Know Your Customer (KYC) guidelines for cryptocurrency exchanges, marking a significant regulatory shift. The new rules require exchanges to implement a multi-layered verification process, including real-time biometric checks, geolocation verification, and bank account authentication. These measures aim to address concerns about cryptocurrencies facilitating illicit financial activities and tax evasion. The updated KYC framework mandates users to submit a live selfie, confirm their physical presence in India through geolocation, and authenticate their bank accounts via a small transfer. This approach seeks to create a robust audit trail, enhancing oversight and transparency in the crypto sector. The move aligns India with other jurisdictions enforcing strict crypto regulations, though its use of live biometrics and bank linkage is notably stringent. The implementation of these rules presents challenges for exchanges, requiring technological upgrades to comply with the new standards. While the measures may complicate the onboarding process, they are intended to foster a more secure and regulated crypto environment in India.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.