CryptoMediaClub
Thursday, July 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

India to develop dark net monitoring tool to combat crypto fraud: Report

22.09.2023
A A
0
126
VIEWS
ShareShare

The Indian Ministry of Home Affairs (MHA) is reportedly developing a crypto intelligence tool in response to a rise in illegal activities around cryptocurrencies in the country.

According to a CNBC report, the MHA aims to combat crypto-related crime through the Cryptocurrency Intelligence and Analysis Tool (CIAT). The project is spearheaded by an MHA division called the Indian Cyber Crime Coordination Centre, which is dedicated to investigating and addressing cybercrime.

With CIAT, the MHA will monitor crypto wallet addresses in the dark net. This will facilitate the compilation of transaction records, including timestamps, dates, exchanges used and which services were done. According to the report, it will also inform the MHA when it detects irregular or unusual crypto activities.

The report highlighted that the project is a response to the rise in crypto-related illegal activities in the country. Earlier this month, an Indian software engineer reportedly lost over $120,000 to crypto fraud. A woman he met online advised the developer to invest in a crypto coin, but he could not withdraw his funds after depositing.

In July, two suspects were arrested in an alleged peer-to-peer (P2P) crypto scam in Ujjain, India. The police seized fake bank accounts, ATM cards and other documents. The suspects allegedly used counterfeit IDs to scam Binance P2P users.

Two Accused In Binance P2P Scam Arrested In Ujjain, India
Two accused of scamming people on #Binance P2P arrested by police in Ujjain, India. Many fake bank accounts, ATM cards and documents are seized from accused
The accused used to buy Fake ID Proofs and personal data… pic.twitter.com/Nt5GxhVmio

— Ajay Kashyap (@EverythingAjay) July 11, 2023

Cointelegraph reached out to the Indian Ministry of Home Affairs but did not get an immediate response.

Related: Indian state governments spur blockchain adoption in public administration

Crypto has experienced a significant increase in adoption in India. On Sept. 12, the country topped the 2023 Global Crypto Adoption Index released by blockchain analytics firm Chainalysis. The report showed that India was number one in terms of decentralized finance value received and centralized service value received. Nigeria and Thailand closely follow India, according to the index.

Magazine: Sexual Violence in India: Blockchain’s Role in Empowering Survivors

Share10Tweet6ShareSharePin2

Related Posts

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings
Blockchain

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

03.07.2025
0

Skip to content

Read moreDetails
Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

Kazakhstan Crypto Reserve: Unlocking a Bold Future for National Digital Assets

30.06.2025
Web3 Security: GoPlus Unveils Crucial Clarification on Venus Protocol $2M Theft

Web3 Security: GoPlus Unveils Crucial Clarification on Venus Protocol $2M Theft

25.06.2025
TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain

TRON Upgrade: Exciting v4.8.0 Proposal Promises Enhanced TRX Blockchain

20.06.2025
Tether CEO Demands Ditching Cloud After Gigantic 16 Billion Password Data Breach

Tether CEO Demands Ditching Cloud After Gigantic 16 Billion Password Data Breach

20.06.2025
Load More
Next Post
Bitcoin blasts past its 2021 all-time high in Argentina, but hyperinflation outpaces gains

Bitcoin blasts past its 2021 all-time high in Argentina, but hyperinflation outpaces gains

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

TRUMP Coin Skyrockets After Main Trade Itemizing – May $40 Be Subsequent?

TRUMP Coin Skyrockets After Main Trade Itemizing – May $40 Be Subsequent?

5 months ago
Analysts lower odds of Ethereum ETF approval to 35%

Analysts lower odds of Ethereum ETF approval to 35%

1 year ago
European Banking Association Tightens Supervision of Crypto Companies

European Banking Association Tightens Supervision of Crypto Companies

1 year ago
Bitcoin Halving Looms: Analysts Speculate on Potential Price Surge to $40,000-$50,000

Bitcoin Halving Looms: Analysts Speculate on Potential Price Surge to $40,000-$50,000

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

European Central Bank Launches Dual-Track Strategy for Implementing DLT Settlements

With S&P 500 At Record Highs, Crypto Experts Tip TOKEN6900 And SPX6900 Next

Why Is Crypto Up Today? – July 3, 2025

Scammers Steal $250K in Crypto Posing as Trump-Vance Inaugural Committee

First US Solana Staking ETF Sees $12M Inflows on Debut With $33M Volume

OpenAI Disavows Robinhood’s Tokenized Shares, Elon Musk Chimes In – What’s Going On?

Trending

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence
Bitcoin

Crypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence

03.07.2025
0

BitcoinWorldCrypto Fear & Greed Index Soars to 73: Unpacking the Market’s Bullish Confidence The pulse of the...

Arthur Hayes says US banks may unlock $6.8 trillion T-bill buying power through stablecoins

Arthur Hayes says US banks may unlock $6.8 trillion T-bill buying power through stablecoins

03.07.2025
Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

Stablecoin Revenue Soars: Companies Post Massive $10 Billion Annual Earnings

03.07.2025
European Central Bank Launches Dual-Track Strategy for Implementing DLT Settlements

European Central Bank Launches Dual-Track Strategy for Implementing DLT Settlements

03.07.2025
With S&P 500 At Record Highs, Crypto Experts Tip TOKEN6900 And SPX6900 Next

With S&P 500 At Record Highs, Crypto Experts Tip TOKEN6900 And SPX6900 Next

03.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz