India demands crypto outfits geolocate customers, get a selfie to prove they’re real

India’s FIU-IND issued updated guidelines compelling all crypto service providers serving Indian residents to register, designate officers, and enforce stringent KYC/AML controls—including identity, banking details, income range, onboarding geolocation/time/IP, liveness selfies, periodic reviews, and continuous monitoring/reporting of suspicious transactions across fiat and virtual assets—to curb money laundering and terrorism financing; the rules also extend to offshore players, reflecting India’s broader push to regulate Big Tech participation in its market.