Per Woofun AI, India’s Financial Intelligence Unit (FIU) has directed three major cryptocurrency exchanges to submit comprehensive data regarding over-the-counter (OTC) transactions surpassing the $10,000 threshold. This regulatory action aims to identify the ultimate beneficial owners behind these high-value trades, specifically scrutinizing activities linked to private companies and intermediary structures.

The FIU has stipulated that all relevant transaction records must be traced and preserved through January 2026. This mandate underscores a tightening of compliance standards in the Indian market, focusing on transparency for large-scale digital asset movements.