India's Financial Intelligence Unit (FIU) requires crypto exchanges to implement stricter KYC: users must perform live selfie verification and record location, time, and IP, along with additional forms of identification; high-risk customers must undergo enhanced due diligence every 6 months. The new regulations ban tools such as ICO/ITO and mixers that facilitate anonymity, and platforms must register with the FIU, report suspicious transactions, and retain data for 5 years. India continues to regard crypto assets as VDA, tradable but not to be used as a means of payment. (CoinDesk)