Crypto rules tightened: Live selfies, geo-tagging mandatory for users; FIU rolls out tougher KYC norms

India’s Financial Intelligence Unit (FIU) has rolled out stringent new Anti-Money Laundering (AML) and Know Your Customer (KYC) norms for cryptocurrency exchanges, making live selfie verification and geographical tracking mandatory during user onboarding, according to guidelines issued on January 8, PTI reported. Under the updated framework, crypto exchanges are classified as Virtual Digital Asset (VDA)…

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Govt proposes standards for tractor ACs, troop carrier & trailer caravan approval | India News

Road transport minister Nitin Gadkari (File photo) NEW DELHI: The road transport ministry has proposed new vehicle standards — provision of testing AC and heating system in agricultural tractors; and type approval norm for troop carriers (defence or police) and trailer caravans in India.As per the draft automotive industry standards (AIS), the norms for type…

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Railways rolls out tech-enabled onboard cleaning reform for long distance trains

The railway ministry on Saturday launched a reform to improve cleanliness on long-distance trains by deploying tech-enabled professional teams onboard.Railway minister Ashwini Vaishnaw said all coaches, including general class, will now be cleaned as and when required during the journey.Under the existing Clean Train Station scheme, trains are cleaned at designated stations en route. Under…

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BTC-to-gold ratio nears a 2019 style turning point after six red candles

Bitcoin BTC$82,746.90 is on track to end January underperforming gold for the sixth straight month as investors ignore the largest cryptocurrency’s “digital gold” moniker and seek the safety of a metal that’s historically been seen as a haven in times of economic and geopolitical turmoil. The bitcoin-to-gold ratio, the amount of gold equivalent to 1…

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