https://www.taxtmi.com/news?id=67043 Reporting entities providing virtual digital asset services must register with the financial intelligence authority, perform mandatory client due diligence including PAN, liveness verified selfie, geolocation with timestamp and IP, verify bank accounts via a refundable Rs 1 penny drop, and collect an additional identity/address document. High risk clients require enhanced due diligence and more frequent KYC updates; anonymity enhancing tokens, tumblers, mixers and ICOs/ITOs are not to be facilitated. Exchanges must submit suspicious transaction reports and retain client and transaction records for at least five years or until investigations close. en-us Sun, 11 Jan 2026 14:16:03 +0530 Sun, 11 Jan 2026 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67043 Reporting entities providing virtual digital asset services must register with the financial intelligence authority, perform mandatory client due diligence including PAN, liveness verified selfie, geolocation with timestamp and IP, verify bank accounts via a refundable Rs 1 penny drop, and collect an additional identity/address document. High risk clients require enhanced due diligence and more frequent KYC updates; anonymity enhancing tokens, tumblers, mixers and ICOs/ITOs are not to be facilitated. Exchanges must submit suspicious transaction reports and retain client and transaction records for at least five years or until investigations close. News - Sun, 11 Jan 2026 14:16:03 +0530 https://www.taxtmi.com/news?id=67043