India will conduct cryptocrime investigation training

India will conduct cryptocrime investigation training

The Indian National Police Academy Sardar Vallabhbhai Patel National Police Academy (SVPNPA), in order to let senior police officers understand the operation of blockchain technology and equip them with the key skills needed to conduct a bitcoin-related crime investigation, July 7, 2019, Hard Fork reports on a new education program.

India closes the door of bitcoin thieves

Every source is close to this matter, the Sadar Saral Varabay Patel National Police Academy (SVPNPA), which trains Indian police officers who have passed the National Civil Service Service Examiner's Institute, is constantly introducing new courses aimed at Armed senior police officers need to investigate the knowledge required for encryption and blockchain related crimes.

The course, called "Investigating Cases Involving Cryptographic Currency," is scheduled to go live in late September 2019. It will teach participants about the legal aspects of digital assets, how to investigate cases involving cryptocurrencies, and more.

Only nominated IPS officials at the police inspectorate level can participate in the course. Self-nomination is not allowed.

It is worth noting that SVPNP is not the first police force to introduce a blockchain-based virtual currency training course.

In July 2018, the City of London School of Economic Crime (ECA) launched its first educational course on cryptocurrency, known as the "investigator's cryptocurrency."

At the time, ECA stated that this one-day course was designed to help officials understand how to “detect, capture and investigate” the use of cryptographic groups.

Although the Reserve Bank of India (RBI) has made the region's encryption business unbearable through some of its tough policies, citizens are still very interested in revolutionary technology, although fraud by bad actors continues to deceive ordinary investors.

In November 2018, it was reported that an Indian businessman lost about $1.4 million to fraudsters by fraudulent bitcoin investment.

In early February 2019, the BTC administrator informed the Indian authorities that they had arrested the creator of "Cashcoin", a fake cottage currency that defrauded more than $17 million in investors. A fake cryptocurrency-based "Who Wants to Be a Millionaire" game showed that people who had more than $250,000 in fraudulent participants in February 2019 were also crushed by the Mumbai police.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

Bitcoin Rises as Chinese New Year Boosts Market Sentiment 🐉💰

Excitement is building in East Asia as the highly anticipated Year of the Dragon approaches. This auspicious animal i...

Market

Institutional Demand for LINK Skyrockets Grayscale Chainlink Trust Hits a 200% Premium!

For Fashionista readers, the trust is a valuable choice for institutional investors looking to access LINK tokens in ...

DeFi

Trader Bribes Way to $7 Million Profit on SatoshiVM Token Launch

Many of the leading DeFi tokens have successfully rebounded, resulting in a significant increase in total TVL to over...

Market

Cardano and Dogecoin The Dynamic Duo Leading the Crypto Price Rally, While Bitcoin Approaches $38K

The fashionably-trusted CoinDesk Market Index boasts an impressive 4% increase within the last 24 hours.

Market

Institutional Demand for Bitcoin Reaches New High: BITO Surges to $1.47B AUM

The value of ProShares' BITO has reached $1.47 billion due to a surge of applications for bitcoin ETFs in the U.S., i...

Market

XRP Takes the Crypto Stage with a Flourish!

Fashionista's attention is drawn to the frequent reactions of XRP traders as Ripple continues to distance itself from...