India Cranks Up Crypto KYC Rules, Making Sign-Ups Harder

TL;DR:

According to official releases and news reports, India’s Financial Intelligence Unit (FIU) rolled out tougher Know-Your-Customer (KYC) and anti-money-laundering checks that crypto platforms must use when bringing new users on board. Related Reading: Bitcoin Bulls Alert: Samson Mow Forecasts Elon Mus...

Key Points:

Background:

Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

Why It Matters:

This development could influence BTC price action and market sentiment in the near term.