Crypto markets volatile as exchanges tighten KYC and AML norms under global scrutiny

Major cryptocurrency exchanges are tightening Know-Your-Customer and anti-money-laundering rules amid rising regulatory scrutiny in the U.S., EU, and Asia. Bitcoin hovered near $104,500 after recent sell-offs wiped $120 billion from market value. Analysts said the compliance push aims to preempt enforcement risks and stabilize institutional flows as regulators coordinate on unified crypto governance frameworks.