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    A payment in cryptocurrency worth Rs 2.2 crore has been discovered by NCB and CBIC in 11 drug trafficking cases

    Minister of State for Finance Pankaj Choudhary stated in a written reply to the Lok Sabha that the government is taking efforts to prevent such use, such as providing training for field officers on cyber and forensic technology and on the collecting of evidence via electronic methods.
    Parliament was told on Monday that the NCB and CBIC had discovered a Rs 2.2 crore cryptocurrency payment in 11 drug trafficking cases.

    Minister of State for Finance Pankaj Choudhary stated in a written reply to the Lok Sabha that the government is taking efforts to prevent such use, such as providing training for field officers on cyber and forensic technology and on the collecting of evidence via electronic methods.

    “In 11 instances connected to drug trafficking, the Narcotics Control Bureau and the Central Board of Indirect Taxes and Customs discovered the payment of around Rs. 2.2 crore in crypto-currency,” Choudhary stated.

    Regular consultations with technical experts, coordination with foreign drug law enforcement agencies, and assistance to states in procuring equipment, including electronic surveillance systems, are among the measures taken by the government to combat cryptocurrency use in drug trafficking, according to the minister.

    Choudhary stated the technologies associated to Metaverse/Web 3.0 are still emerging in response to a second question about if the government intends to release any restrictions on Metaverse/Web 3.0.

    The government is aware of the rise of new technologies and their fast dissemination, such as AI, Blockchain, Drones, Augmented Reality / Virtual Reality, Metaverse, Web 3.0, and so on he stated.

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