Regulators are reaching into over-the-counter trading, and the $10,000 threshold is neither high nor low—intermediary and beneficial owner information must be fully disclosed, and all records going back to January 2026 will be laid bare; compliance costs are set to rise again.

India's financial intelligence agency FIU has requested three major cryptocurrency exchanges to submit OTC transaction information exceeding $10k, with a focus on scrutinizing the actual beneficial owners behind transactions involving private companies, intermediary entities, and others. The relevant transaction records must be traced and retained since January 2026. Reports say that Indian regulators are trying to close the transparency gap for large crypto transactions outside of exchange order books. (cryptopolitan)