India's Financial Intelligence Unit has rolled out enhanced compliance requirements for cryptocurrency exchanges operating in the country. The new KYC/AML framework mandates live video selfies with anti-deepfake technology, geolocation verification, bank micro-deposit confirmation, government-issued ID documentation, email verification, and registered mobile numbers for all users. These stricter measures aim to combat money laundering activities and prevent tax evasion in the crypto sector. On the taxation front, India has established a flat 30% tax rate on cryptocurrency gains, signaling the government's intent to bring digital asset transactions into the formal tax system. These regulatory moves reflect a broader trend of tightening oversight in emerging markets, as authorities seek to balance innovation with financial crime prevention and revenue collection.