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Selfie, 'penny drop' mandated as KYC for crypto customers in India
short by Pravel Jain / on Sunday, 11 January, 2026
India's financial intelligence agency has mandated selfie with liveness detection, geo-coordinate recording and bank verification via the 'penny-drop' method for crypto exchanges during user onboarding. The measures fall under anti-money laundering and counter-terror financing KYC protocols. The directives also discourage Initial Coin Offerings and Initial Token Offerings by the exchanges.
read more at CNBCTV18