🇮🇳 INDIA ( FIU) INTRODUCES STRICTER KYC NORMS FOR NEW CRYPTO USERS.
-> Crypto platforms must now verify users using a live selfie. -> Exchanges must collect user location, IP address, and account creation time. -> User bank accounts must be verified using a small test transaction. -> Users must submit extra government photo ID documents. -> Email ID and mobile number verification is now mandatory. -> Indian tax officials say crypto and DeFi make tax tracking difficult. -> Anonymous wallets and cross-border transfers add to the challenge.
->This is why commodities are being stockpiled. -> This is why stablecoins are spreading faster than embassies. ->This is why neutral money suddenly matters.
The future won’t be ruled by who fires first but by who settles last.