India Targets Crypto OTC Trades Over $10,000 in Transparency Drive

The Financial Intelligence Unit (FIU) in India has sent a directive to three major cryptocurrency exchanges, asking them to hand over detailed records of over-the-counter transactions exceeding $10,000.

This move is aimed at tracing and retaining information dating back to January 2026, marking a significant effort to close transparency gaps that have allowed large crypto moves to slip past the public exchange order books.

The FIU is particularly focused on identifying the ultimate beneficial owners behind layered corporate structures, which has been a challenge in tracking off-exchange trading activity.