FIU

India's FIU Orders Selfie and Penny-Drop KYC for Crypto to Curb Terror Financing

India’s Financial Intelligence Unit has directed crypto exchanges to require selfie verification and penny-drop bank checks for new users to bolster anti-money laundering and counter-terror financing controls. The move tightens onboarding standards and raises practical and privacy questions for platforms and customers.

Published at 2026-01-11 12:15:08