The Ministry of Electronics and Information Technology (MeitY) is expected to accept the demand of gaming platforms for a graded approach to know your customer as part of its efforts to regulate the country’s online gaming space (KYC).
According to Business Standard, a number of gaming platforms have demanded that users be allowed to register using a one-time password and a self-declaration of name and identification number of any’mandatory document’ for small deposits of up to INR 10,000. For a full KYC, gaming platforms will need to develop mechanisms such as a video-based customer identification process. As a result, many platforms have asked for a waiver of this requirement for small deposit amounts, according to the report.
