Indian regulators require cryptocurrency exchanges to provide information on over-the-counter cryptocurrency transactions worth more than $10,000

By: rootdata|2026/06/18 16:43:41

According to Cryptopolitan, India's financial intelligence agency has requested three major local cryptocurrency exchanges to provide information on over-the-counter (OTC) cryptocurrency transactions valued at over $10,000.

The directive requires exchanges to maintain OTC records since January 2026, focusing on beneficial ownership, particularly transactions where private companies or intermediaries may conceal the true owners of funds. OTC transactions are negotiated directly between the platform and clients, helping large buyers avoid public market price fluctuations, but also increasing the risk of lack of transparency, thus being viewed by regulators as high-risk channels for money laundering, tax evasion, and cross-border capital flows.

India remains one of the largest cryptocurrency markets globally, but there is no official data on the size of the OTC market.

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