India Cracks Down on Large Crypto Trades with $10,000 Reporting Threshold

The Financial Intelligence Unit (FIU) in India has instructed crypto exchanges to report all over-the-counter (OTC) trades exceeding $10,000. According to Pushpendra Singh, a crypto educator and blockchain enthusiast, this move marks the latest development in increasing regulatory oversight on larger crypto transactions in India.

Singh notes that privacy for bigger crypto deals is shrinking as regulatory scrutiny increases. He previously reported on the Reserve Bank of India selling $12 billion worth of gold in May 2026 to support the country's forex reserves, a move that hasn't been made since the 1991 crisis.

Bitcoin dropped below $60,000 for the first time since October 2024 due to lost momentum in the crypto market. Singh's recent posts highlight ongoing regulatory and market developments affecting India's financial sector.