India asks crypto exchanges for OTC transaction data over $10.000

India takes a new step in regulating the crypto market. The Financial Intelligence Unit (FIU), India’s anti-money laundering watchdog, is asking three major crypto exchanges to provide data on OTC transactions exceeding $10.000, The focus is on identifying the ultimate beneficial owners behind private companies, intermediaries, and other parties involved.

Transparency in large crypto trades outside the exchange

OTC trading takes place outside the public order books of a crypto exchange, making it harder to track. It is precisely this lack of transparency that has prompted Indian authorities to intervene. Large deals between parties remain hidden from regulators, while the true owners of the cryptocurrencies involved are sometimes deliberately concealed behind corporate structures or intermediaries.

According to Cryptopolitan, the measure places large OTC deals directly under increased government scrutiny. India is sending a clear signal: the government wants more control over transactions that take place outside regular trading platforms. The exchanges are required to keep and preserve the relevant data from January 2026.

Part of a broader global approach

India’s move fits into a wider international trend where governments are tightening oversight of the crypto sector. Regulators worldwide are trying to close the transparency gaps that enable large-scale crypto trading outside official platforms. India is thus following the path of other countries that are tightening the reins on crypto exchange activities.

The three exchanges that have received the information requests have not yet been officially named. What is clear is that the FIU expects the records to be kept accurately and that the origin of large sums must be fully traceable. Anyone who wants to know more about how to get started with crypto can visit the page on [buying crypto]([[URL?]], note: the original has no placeholder for this link? Actually the text says “pagina over crypto kopen” but no URL placeholder is given. The instruction says to keep placeholders exactly, but this is not a placeholder, it’s just a phrase. The input text says: “kan terecht op de pagina over crypto kopen.” There is no [[URLn]] attached. So we should translate that phrase as “can visit the page on buying crypto.” But since there’s no link, we just translate the text. However, the instruction also says “Markdown links look like visible text.” There is no such structure here. So we treat it as plain text. Similarly, the last sentence: “De ontwikkelingen in India sluiten aan bij eerder groot nieuws in de cryptowereld, waaronder de bewegingen in Japan en de VS eerder deze maand.” That has a link. So we translate that link’s visible text.

Let me double-check the input: “De ontwikkelingen in India sluiten aan bij eerder groot nieuws in de cryptowereld, waaronder de bewegingen in Japan en de VS eerder deze maand.” So we translate the visible text “bewegingen in Japan en de VS” to “movements in Japan and the US”. Keep /news/bitcoin-and-crypto-world-in-motion-big-news-from-japan-and-us/.

Now, produce the full translation.India takes a new step in regulating the crypto market. The Financial Intelligence Unit (FIU), India’s anti-money laundering watchdog, is asking three major crypto exchanges to provide data on OTC transactions exceeding $10.000, The focus is on identifying the ultimate beneficial owners behind private companies, intermediaries, and other parties involved.

Transparency in large crypto trades outside the exchange

OTC trading takes place outside the public order books of a crypto exchange, making it harder to track. It is precisely this lack of transparency that has prompted Indian authorities to intervene. Large deals between parties remain hidden from regulators, while the true owners of the cryptocurrencies involved are sometimes deliberately concealed behind corporate structures or intermediaries.

According to Cryptopolitan, the measure places large OTC deals directly under increased government scrutiny. India is sending a clear signal: the government wants more control over transactions that take place outside regular trading platforms. The exchanges are required to keep and preserve the relevant data from January 2026.

Part of a broader global approach

India’s move fits into a wider international trend where governments are tightening oversight of the crypto sector. Regulators worldwide are trying to close the transparency gaps that enable large-scale crypto trading outside official platforms. India is thus following the path of other countries that are tightening the reins on crypto exchange activities.

The three exchanges that have received the information requests have not yet been officially named. What is clear is that the FIU expects the records to be kept accurately and that the origin of large sums must be fully traceable. Anyone who wants to know more about how to get started with crypto can visit the page on buying crypto. The developments in India tie in with earlier major news in the crypto world, including the movements in Japan and the US earlier this month.