[Indian Regulators Request Information on OTC Crypto Transactions Exceeding $10,000] According to Cryptopolitan, India's financial intelligence agency has requested three major local cryptocurrency exchanges to provide information on over-the-counter (OTC) crypto transactions exceeding $10,000. The directive requires exchanges to maintain OTC records dating back to January 2026, with a focus on beneficial ownership, particularly transactions where private companies or intermediaries may be concealing the true owners of funds. OTC transactions are directly negotiated between the platform and clients, allowing large buyers to avoid public market price fluctuations, but they also increase the risk of a lack of transparency. As a result, regulators view them as high-risk channels for money laundering, tax evasion, and cross-border capital flows. India remains one of the largest cryptocurrency markets globally, though there is no official data on the size of the OTC market.