India Tightens User Verification Rules for Crypto Platforms
- User Verification Upgrade: India's Financial Intelligence Unit has issued new guidelines requiring crypto exchanges to verify users through live selfies and geolocation, thereby enhancing compliance with anti-money laundering and know-your-customer regulations, which is expected to boost user trust and market stability.
- Anti-Fraud Measures: The new rules mandate the use of software to track users' eye and head movements to prevent AI deep fakes from bypassing KYC verification, which will enhance the security of exchanges and reduce fraud risk.
- Account Creation Requirements: Crypto exchanges must collect geolocation, IP addresses, and timestamps at the time of user registration, and verify bank accounts through small transactions to meet anti-money laundering requirements, further standardizing market operations.
- Tax Compliance Challenges: India's Income Tax Department has highlighted that cryptocurrencies and decentralized finance platforms pose challenges to tax enforcement, emphasizing that the cross-border nature and anonymity of crypto transactions complicate effective taxation, potentially impacting government tax policies.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00937 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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