India Cyber Security Agency Requires Crypto Businesses to Keep User Data for Five Years

India named the country's Computer Emergency Response Team (CERT) as the national agency for cyber security, which includes the crypto industry. CERT requires crypto businesses such as crypto exchanges and virtual assets service providers to keep KYC information and records of financial transactions for five years to ensure cyber security in the area of payments and financial markets for citizens while protecting their data, fundamental rights and economic freedom in view of the growth of virtual assets.