5.4 million consumers were victims of identity theft or fraud last year globally [1]. That’s up by 16% from the year 2015. Identity fraud and its related vulnerabilities are becoming increasingly rampant due to weak ID verification processes across companies. It is indeed important to keep identities safe and on-board employees, customers, vendors and partners with genuine identities only.
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Crypto Regulations in India: New KYC Rules Explained
Introduction Crypto regulation in India has tightened, introducing stricter rules that are transforming how people use crypto platforms. The Financial Intelligence Unit (FIU) now mandates crypto platforms to follow stronger KYC and AML guidelines. For