India Tightens Crypto Regulations: KYC Update Deadline Set for June 30th!

India’s approach to cryptocurrency remains in a state of flux, with the nation still lacking a comprehensive regulatory framework. However, recent developments suggest a growing emphasis on stricter oversight within the crypto industry. The Financial Intelligence Unit (FIU-IND) has directed all crypto exchanges operating within India to complete KYC updates by June 30th, 2025, in an effort to enhance tax compliance and combat money laundering. This mandate is part of broader initiatives aimed at strengthening crypto regulations.