India's financial authorities have rolled out stricter Know Your Customer (KYC) standards for crypto exchanges operating in the country. The framework mandates multiple verification layers to combat fraudulent activities. Users must complete live selfie authentication with eye-tracking technology to prevent deepfake exploitation. The signup process now incorporates GPS and IP address logging for enhanced security tracking. A nominal ₹1 bank verification test serves as an additional validation checkpoint. All users are required to submit PAN documentation alongside either Aadhaar or Passport credentials for identity confirmation. Beyond the initial onboarding, crypto exchanges must conduct recurring KYC reviews every 6 to 12 months to maintain user account validity. These comprehensive measures reflect India's growing focus on bringing regulated compliance standards to the crypto sector.
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MEVSandwich
· 6h ago
India's KYC system is really ridiculous... Eye-tracking to prevent deepfakes? That's a bit of overkill, isn't it?
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OfflineValidator
· 6h ago
India's KYC is really intense, eye movement tracking to prevent deepfakes? Haha, I can't stop laughing.
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MevTears
· 6h ago
India's KYC process is really one set after another. I didn't expect the eye-tracking anti-deepfake feature...
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RugResistant
· 6h ago
eye-tracking deepfakes + recurring kyc audits every 6-12 months... india's not messing around tbh. but ngl, the ₹1 bank test feels like security theater—analyzed thoroughly and it's basically a null check. real vulnerability is still the humans behind the screen, fr
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ParanoiaKing
· 6h ago
India's KYC process is really outrageous, using eye-tracking to prevent deepfakes? Feels like they're playing with black technology, haha
India's financial authorities have rolled out stricter Know Your Customer (KYC) standards for crypto exchanges operating in the country. The framework mandates multiple verification layers to combat fraudulent activities. Users must complete live selfie authentication with eye-tracking technology to prevent deepfake exploitation. The signup process now incorporates GPS and IP address logging for enhanced security tracking. A nominal ₹1 bank verification test serves as an additional validation checkpoint. All users are required to submit PAN documentation alongside either Aadhaar or Passport credentials for identity confirmation. Beyond the initial onboarding, crypto exchanges must conduct recurring KYC reviews every 6 to 12 months to maintain user account validity. These comprehensive measures reflect India's growing focus on bringing regulated compliance standards to the crypto sector.