Woofun AI reports that India’s financial intelligence unit has compelled three leading domestic cryptocurrency platforms to disclose details on over-the-counter trades surpassing the $10,000 threshold. This directive mandates the preservation of all off-exchange transaction records originating from January 2026, ensuring comprehensive audit trails for regulatory review.

The enforcement action targets the opacity surrounding beneficial ownership, particularly when transactions involve private entities, trusts, or intermediaries that obscure ultimate fund controllers. Regulators retain the authority to demand supplementary documentation if initial suspicious activity reports are deemed insufficient, signaling a tightening of compliance standards in the Indian crypto sector.