India tightens KYC requirements for cryptocurrency trading platform user registration.

According to Foresight News , citing the Times of India, India's Financial Intelligence Unit (FIU) has issued new guidelines tightening user registration rules for cryptocurrency trading platforms. The new regulations mandate that regulated cryptocurrency exchanges verify user identity through real-time selfies and geolocation. Real-time selfies track user eye and head movements to prevent the use of AI deepfake technology to bypass KYC verification. Furthermore, Indian exchanges are required to collect geolocation and IP address information, as well as a timestamp of account creation, upon account creation. Users must submit additional government-issued photo identification and verify their email and mobile phone number to create an account on the platform.