India Tightens Crypto Rules: Selfie and Geo-Checks Required

India’s Financial Intelligence Unit (FIU) has rolled out stricter anti‑money‑laundering and KYC rules for cryptocurrency exchanges to strengthen user verification and combat illicit activity. New onboarding requirements include live selfie verification using liveness detection, geolocation tracking (latitude, longitude, IP, timestamp), bank account confirmation via a small test transfer, and multiple government‑issued ID checks. Exchanges must also verify email and mobile numbers. These measures aim to improve transparency and traceability without banning crypto trading, though enhanced verification may slow onboarding.