Police in Karnataka May Have Mishandled Bitcoin
The Criminal Investigation Division (CID) of the Karnataka police is investigating the conduct of several officers who were reviewing evidence in a Bitcoin scam. The officers may have tampered with crucial files and confiscated crypto.
India’s Prime Minister Has Called for a Unified Approach
India’s Prime Minister Narendra Modi has criticized the lack of uniform crypto regulations and called for more unity in rulemaking and enforcement globally. He compares the need for cooperation in crypto to ensuring safety in commercial aviation.
Hot Take
The mishandling of evidence by police officers in the Karnataka Bitcoin scam case raises concerns about the integrity of law enforcement’s role in combating cryptocurrency fraud. Prime Minister Modi’s call for unified regulations reflects the urgency of addressing the problem of criminal activity involving cryptocurrencies. It remains to be seen whether his plea will lead to significant changes in the global approach to crypto regulations.
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