India’s Financial Intelligence Unit (FIU) has introduced new strict guidelines for cryptocurrency platforms to strengthen KYC and AML compliance.
Under the new rules, crypto exchanges dealing in major digital assets such as Bitcoin (BTC) and Ethereum (ETH) must ensure:
Live selfie verification with eye and head movement tracking to prevent AI-based fraud
Collection of geolocation data, IP address, and timestamp during account creation
Bank account verification through a small test transaction
Submission of additional government-issued photo ID
Mandatory email and mobile number verification
In addition, the Indian government has reaffirmed that:
Crypto profits are taxed at a flat 30% rate
Losses cannot be adjusted against profits
These measures aim to improve transparency, reduce financial crime, and bring stronger oversight to the rapidly growing crypto market in India.
🔐 SafeTrade Zone 1 advises traders and investors to:
Use only compliant and registered crypto platforms
Stay updated with regulatory changes
Trade responsibly in assets like BTC and ETH under local laws
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