Graded KYC for online gaming platforms likely to receive MeitY approval

Platforms must follow verification procedure as prescribed under RBI's directions for entities regulated by it

The Ministry of Electronics and Information Technology is likely to give its approval to a graded approach towards know-your-customer (KYC) norms for online gaming platforms as part of the proposed rules for the sector, informed sources.

According to the proposed amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, the online gaming intermediaries are required to identify the user and verify his/her identity at the time of registration of a new account for an online game.

The rules add that the platforms should follow the verification procedure as prescribed under the Reserve Bank of India’s