Indian Regulator Requires Crypto Exchanges to Provide OTC Crypto Transaction Information Exceeding $10,000

CoinFeed June 18 news, according to Cryptopolitan, India's Financial Intelligence Unit has required three major local crypto exchanges to provide information on over-the-counter crypto transactions exceeding $10,000. The directive requires exchanges to keep OTC records since January 2026, focusing on beneficial ownership, especially transactions where private companies or intermediaries may hide the true owners of funds. OTC transactions are negotiated directly between platforms and clients, helping large buyers avoid public market price fluctuations, but also increasing the risk of lack of transparency, thus being regarded by regulators as a high-risk channel for money laundering, tax evasion, and cross-border capital flows. India remains one of the world's largest crypto markets, but there is no official data on the size of the OTC market.