India demands 3 local crypto exchanges submit data on OTC trades over $10K

India's Financial Intelligence Unit (FIU) has demanded that three major domestic crypto exchanges submit details of over-the-counter (OTC) transactions exceeding $10,000, Cryptopolitan reported. The request covers all OTC trades over $10,000 that have occurred since January of this year. Authorities reportedly plan to secure transaction records, including information on beneficial owners, to enhance the transparency of fund flows.