- Thane Police will set up India’s first cryptocurrency investigation cell.
- India’s crypto fraud rose 67% between 2024 and 25, prompting restrictions.
- The brand new cell energy combines surveillance, forensic tracing and prevention methods.
India has created its first devoted cryptocurrency analysis cell in Thane. The unit will dismantle schemes that observe unlawful transactions and use code to clean stolen funds. Authorities stated it’s to strengthen crypto surveillance in India as adoption spreads and criminals use anonymity to keep away from conventional surveillance.
Scams surge and demand state response
The dimensions of Indian crypto fraud has turn into not possible to disregard. Between April 2024 and January 2025, authorities recorded 4,245 crores (roughly $500 million as of September 29, 2025) in 2.4 million instances. This represents a 67% improve from the earlier yr. This pattern coincides with a world sample of over $2.17 billion in theft by mid-2025, together with a report $1.5 billion of buy-bit hacks.
Enforcement near dwelling has revealed a number of scams. Delhi police arrested Naresh Kumar for a fraud of £34 Lakh, impersonating the title “Coin-Ex Crypto Buying and selling.”
In Andhra Pradesh, the “digital arrest” scheme has emitted tens of millions of unsuspecting victims. Different instances related to Wazirx and Coindcx present how crypto crimes use widespread exchanges and unintended buyers.
Associated: India shuns full crypto laws, citing fears of legitimacy and systematic dangers
Constructing a system for fraud detection and prevention
The Indian authorities is at the moment transferring from response to prevention. At the moment, the Ministry of Telecommunications and the Monetary Info Unit of India share fraud alerts in actual time. That adjustment blocked pretend cell connections of over 2.84 crores, and halted potential losses price 140 crores.
Associated: The “unbanned, unbanned” stance on cryptography has emerged from Indian parliament
These days, exchanges should face and new accountability might be answered. All platforms should bear a compulsory cybersecurity audit to adjust to monetary data laws. In the meantime, the Reserve Financial institution of India will introduce two-factor authentication for all digital funds beginning in April 2026. This requirement is meant to suffocate fraudulent forwarding and tighten the ropes of con artists who misuse weak entry factors.
Disclaimer: The knowledge contained on this article is for data and academic functions solely. This text doesn’t represent any form of monetary recommendation or recommendation. Coin Version isn’t chargeable for any losses that come up on account of your use of the content material, services or products talked about. We encourage readers to take warning earlier than taking any actions associated to the corporate.
