India tightens identity checks for cryptocurrency exchanges

India's financial intelligence agency has announced stricter identity verification measures for cryptocurrency exchanges.

The announced measures are aimed at preventing money laundering and terror financing and target identity verification processes used by exchanges that handle cryptocurrencies.

The announcement did not specify the exact measures, implementation timeline or enforcement details, and those specifics are not provided in the source material.

Key Topics

Crypto, Cryptocurrency Exchanges, India, Financial Intelligence Agency, Identity Verification, Money Laundering