PANews, June 18 – According to Cryptopolitan, India’s Financial Intelligence Unit has asked three major local crypto exchanges to provide information on over-the-counter (OTC) crypto transactions exceeding $10,000 in value. The directive requires exchanges to preserve OTC records dating back to January 2026, with a focus on beneficial ownership, especially transactions where private companies or intermediaries may conceal the true owners of funds. OTC trades, negotiated directly between platforms and clients, can help large buyers avoid price fluctuations in public markets but also increase the risk of opacity, leading regulators to view them as high-risk channels for money laundering, tax evasion, and cross-border fund flows. India remains one of the world’s largest crypto markets, though there is no official data on the size of its OTC market.