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NRI Rejoice, Aadhaar Not Mandatory for KYC on WazirX Crypto Exchange

You cannot even get a phone number or open a bank account without the Aadhaar Card. In Indian cryptocurrency exchanges, you cannot complete your mandatory KYC without providing Aadhaar details. While the first is out of the hands of private companies, an exchange is trying to change the norm for the second mandate.

WazirX announced earlier today that they will allow KYC verification for their new users with Aadhaar, Driver’s license or a Passport.

The company says this is to let NRIs register onto their platform and also allow the citizens who do not have Aadhaar cards and living in the subcontinent as well. Assam particularly is a state where Aadhaar hasn’t been rolled out because the National Register of Citizens (NRC) isn’t complete.

WazirX passport, license aadhaar based kyc
Option to choose Aadhaar, Passport or Driver’s license for KYC

But ofcourse, you have to have a PAN card for trading on WazirX.

Recently WazirX announced a P2P exchange as a way to circumvent the RBI’s virtual ban on Cryptocurrency trading.

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