India Imposes Strict Crypto KYC Rules

India is making it harder for people to use cryptocurrency without showing who they are.

The government wants to stop bad things like money laundering.

Now, when you sign up for a crypto exchange, you have to take a live selfie to prove it's really you.

They also want to know where you are when you sign up, using your phone's location.

Plus, you have to show two types of ID and do a tiny bank transaction to prove your account is real.

The government is also warning against risky things like Initial Coin Offerings (ICOs) because they can be used for bad things.

All of this is to make sure people aren't hiding where their money comes from.