11 giờ trước
India's FIU sets selfie and penny drop KYC rules for crypto exchanges under PMLA
On January 11, 2026, India's Financial Intelligence Unit announced new KYC rules requiring crypto exchanges to collect customer selfies, geographic coordinates and bank verification via the penny drop method. The guidelines also ban mixing services and anonymous tokens, tighten reporting duties under the Prevention of Money Laundering Act, and require regular KYC updates based on risk. Exchanges must register as reporting entities, obtain PAN and additional ID documents, and use liveness detection software to confirm users' physical presence.