2026-01-11 20:21:56

The Indian Financial Intelligence Unit recently released new regulatory guidelines that impose strict requirements on user verification processes for crypto trading platforms. According to reports, platforms are required to verify user identities through real-time selfie authentication and geolocation verification, with the selfie system tracking eye and head movements to counteract the risks of AI deepfake technology.

During account creation, crypto platforms must collect users' geolocation data and IP addresses, and also complete bank account verification procedures to comply with Anti-Money Laundering (AML) regulations. Users need to upload government-issued photo ID documents and complete dual verification of email and phone number.

Behind these measures is the Indian tax authorities' concern over cryptocurrencies and decentralized finance platforms. The tax department believes that the anonymity and cross-border nature of these platforms make tax enforcement difficult. According to Indian Income Tax laws, income from cryptocurrency transactions is taxed at a rate of 30%. The introduction of these regulations marks India’s effort to strengthen oversight of the digital asset market, elevating KYC verification to a biometric level.

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SellTheBounce

· 01-11 20:50

Biometric verification, geolocation, bank binding... In simple terms, it's complete de-anonymization, and retail activity space has been reduced once again. India's move essentially forces crypto platforms to resemble traditional finance, so what's the point of playing decentralization anymore? This is what I mean—there's always a lower point, and now there's regulatory pressure too. Don't be fooled by the upgrade of KYC to biometric verification sounding high-end; in the end, you still have to pay 30% tax, which is essentially a disguised way of taking a cut. When regulation comes, sell on the rebound. Let's wait and see.

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LightningSentry

· 01-11 20:37

Eyes are about to be exhausted, is this still called decentralization? LOL --- India's combined approach really brings KYC to the level of biometric recognition. Is there still privacy? --- 30% tax rate... feels like someone is about to run again --- Location, IP, selfies, bank accounts... after going through all these steps, do users still dare to open accounts? --- Deepfake prevention is quite strict, but who guarantees data security? --- Now it's all good, the user experience on Indian platforms has dropped to the lowest point --- This time, anonymous coins might really be doomed --- Tracking eye movement to prevent AI? That's a bit outrageous --- 30% tax rate + all these verification processes, really no one wants to play anymore

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Liquidated_Larry

· 01-11 20:35

30% tax rate? India is really trying to push us all out. --- Biometric identification and geolocation again, privacy is completely gone. --- Deepfake detection sounds impressive, but can it really block everything? I’m not convinced. --- Once these regulations are in place, will other countries follow suit? It’s troublesome. --- Bank verification, ID cards, two-factor authentication... with such complicated processes, who will still trade? --- A 30% income tax directly discourages trading; might as well go elsewhere. --- Selfie tracking eye movement? How can that be 100% accurate? The technology is overhyped. --- India is really trying to push crypto out this time, not welcoming at all. --- I understand anti-money laundering measures, but does it have to be biometric level? Is it necessary? --- Complete de-anonymization, then how can we play DeFi?

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AirdropHunter9000

· 01-11 20:30

Here we go again, India's biometric verification system is really intense... Eye tracking? Who came up with this? It feels like they'll scan you from top to bottom.

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