TechFlow reported on January 12 that, according to CoinDesk, India's Financial Intelligence Unit (FIU) has issued new regulations significantly tightening oversight of cryptocurrency exchanges. The rules require strict identity verification measures, including blink-based selfie authentication and geolocation tracking, prohibit support for ICOs and the use of privacy tools such as coin mixers to combat money laundering and terrorist financing. Additionally, exchanges must register with the FIU and retain user data for five years.
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