India Targets Stronger Crypto Monitoring with Tightened Exchanges

India is strengthening its monitoring of cryptocurrencies and blockchain activity to track transactions across domestic and offshore platforms.

The country's Parliamentary Standing Committee on Finance is working on recommendations that could lead to tighter Know-Your-Customer (KYC) requirements, reporting, record-keeping, and compliance for crypto exchanges (CEXs).

This move may raise operational and privacy costs for exchanges, decentralized finance (DeFi) participants, and token activity.