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The Financial Intelligence Unit-India (FIU-IND) has mandated cryptocurrency exchanges to strengthen their KYC processes by June 30, adhering to the Prevention of Money Laundering Act (PMLA). Exchanges must update user details, initiate fresh KYC for accounts older than 18 months, and collect additional information from risky accounts.

Cantor Fitzgerald, Tether, and SoftBank are launching a $3.6 billion crypto venture, Twenty One Capital, to acquire bitcoin, anticipating increased interest under President Trump. Tether and Bitfinex will hold majority ownership, while SoftBank will have a minority stake. Twenty One aims to replicate Strategy's success and will trade on the Nasdaq under the symbol "XXI".