India will have to align crypto action with latest FATF norms

India will have to align crypto action with latest FATF norms

NEW DELHI: As Parliament moves to debate and discuss regulation or ban of cryptocurrencies and crypto exchanges in parliament from next week, India might have to keep in mind that new global norms are being set on the permission and management of cryptocurrencies, particularly given that money laundering and financing of terrorism would become very … Read more

Crypto body IndiaTech recommends data sharing among exchanges, tighter KYC norms

Crypto body IndiaTech recommends data sharing among exchanges, tighter KYC norms

Bengaluru | Mumbai: Crypto industry body IndiaTech has recommended an evolved approach to Know Your Customer (KYC) guidelines and for cryptocurrency exchanges to share customer details with each other to map all users engaged in crypto transactions in India. This was done following the crypto community‚Äôs first-ever meeting with the Reserve Bank of India (RBI) … Read more