India's Financial Intelligence Unit Requires Crypto Exchanges to Report OTC Trades Above $10,000

According to Cryptopolitan, on June 18, India's financial intelligence unit required three major local crypto exchanges to provide over-the-counter (OTC) trade information for transactions exceeding $10,000. The directive mandates exchanges to retain OTC records dating back to January 2026, with particular focus on beneficial ownership, especially transactions where private companies or intermediaries may obscure the true owners of funds.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments