India’s Financial Intelligence Unit has asked three major local cryptocurrency exchanges to provide information on over-the-counter (OTC) crypto transactions worth more than $10,000, according to a Cryptopolitan report.
According to ChainCatcher, the directive requires exchanges to retain OTC records dating back to January 2026, with a focus on beneficial ownership, particularly transactions where private companies or intermediaries may obscure the true owner of funds.
The report said OTC trades are negotiated directly between platforms and clients and can help large buyers avoid public-market price swings. Regulators view OTC activity as higher risk due to reduced transparency, citing concerns including money laundering, tax evasion, and cross-border capital flows.
India remains one of the world’s largest crypto markets, but there is no official data on the size of its OTC market.
India’s Financial Intelligence Unit Seeks OTC Crypto Trade Data Over $10,000 From Major Exchanges
2026-06-18 08:45:08
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