India tightens KYC requirements for cryptocurrency user registration

GateNewsBot

2026-01-12 00:21:57

BlockBeats News, January 12 — The Indian Financial Intelligence Unit (FIU) has issued new guidelines tightening the registration rules for cryptocurrency platform users. The new regulations require regulated cryptocurrency exchanges to verify user identities through real-time selfie photos and geolocation verification. The real-time selfies can track users’ eye and head movements to prevent the use of AI deepfake technology to bypass KYC verification processes.

Additionally, Indian trading platforms must collect geolocation and IP address data, as well as timestamps of account creation. Users are now required to submit additional government-issued photo ID proofs and verify their email and phone numbers before creating an account on a cryptocurrency trading platform.

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