TheRegister's platform is a leading technology news website, offering insights into IT industry news, hardware reviews, and software updates. Through articles, analysis, and opinion pieces, TheRegister offers insights into cybersecurity threats, technology trends, and industry developments. Readers can stay updated with the latest news and analysis from the world of technology and IT business.

The Register

India's Financial Intelligence Unit has issued updated regulations requiring cryptocurrency service providers to implement strict customer verification measures. New requirements include collecting geolocation coordinates, IP addresses, selfies, identity documents, bank details, and income information from customers. The regulations apply to all crypto platforms serving Indian residents, including offshore operations, and mandate continuous transaction monitoring with reporting of suspicious activities. These measures aim to combat money laundering, terrorism financing, and fraud in the cryptocurrency sector.

Crypto outfits in India must get customer locations, selfies