Key Insights: India mandates selfies, GPS tracking, and penny drops for crypto exchange onboarding. Bitcoin, Zcash, Bittensor, and Solana see short-term gains amid regulatory updates. ICOs, ITOs, and anonymous token transactions face strict restrictions under FIU guidelines. India has strengthened crypto rules, mandating selfies, penny drops, and extensive KYC checks for exchanges. The new measures aim to curb money laundering and terrorism financing. Exchanges must now follow strict onboarding protocols while updating compliance systems. The Financial Intelligence Unit (FIU) issued the guidelines, expanding the regulatory scope for all virtual digital asset service providers. Exchanges are required to register with the FIU and maintain detailed customer records. Authorities emphasized strict enforcement against unverified transactions and anonymous token use. The updated rules follow three years of regulatory developments, including initial KYC and reporting standards in 2023...