India’s Crypto Regulation Gets Stricter in 2025: Mandatory KYC Update by June 30
India’s cryptocurrency landscape remains in regulatory limbo, but the Financial Intelligence Unit (FIU-IND) is tightening oversight. By June 30, 2025, all crypto exchanges must update user KYC details—a move aimed at curbing tax evasion and improving compliance.
Investigations revealed widespread non-compliance with the 1% TDS rule on crypto transactions. The mandate signals India’s intent to formalize crypto oversight, though a comprehensive framework remains elusive.