India Develops Tool to Fight Cryptocurrency Fraud

India’s Ministry of Home Affairs has unveiled a Cryptocurrency Intelligence and Analysis Tool (CIAT) to counteract escalating crypto frauds.

India Battles  Cryptocurrency Fraud

According to an article published on CNBC, the CIAT will monitor the dark net, a part of the internet that criminals seeking anonymity use on a daily basis.

India’s War on Cryptocurrency Fraud

CNBC report noted that the CIAT was created in response to India's abysmal statistics on crypto crime.

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India's unveiling of the Cryptocurrency Intelligence and Analysis Tool (CIAT) marks a defining moment in its fight against crypto crimes.