India’s FIU Mandates Live Identity Verification and Location Checks for Crypto Exchanges

India’s Financial Intelligence Unit has tightened compliance requirements for cryptocurrency platforms. On January 8 the updated rules were issued mandating live identity verification and location checks as part of enhanced anti-money laundering and know your customer measures targeting illicit transactions. The guidelines classify crypto exchanges as virtual digital asset service providers, requiring more stringent verification […] Read The Full Article India’s FIU Mandates Live Identity Verification and Location Checks for Crypto Exchanges On Coin Edition.