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India mandates selfies and 'penny drop' for crypto KYC, discouraging ICOs and ensuring strict anti-money laundering measures.

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India mandates selfie KYC, penny-drop verification for crypto users. New AML rules discourage ICOs, mixers. FIU updates ...

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Selfie with liveness detection, recording of geographical coordinates, and verification of bank account by the 'penny-drop' method are among the mandatory new measures listed by India's financial ...

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