Cryptocurrency

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<ul class="news-points"> 
 <li>India has formulated a new strategy to combat drug sales on the darknet.</li> 
 <li>The new strategy involves partnering with local agencies.</li> 
 <li>India launched Nasha Mukt Bharat Abhiyaan (NMBA) in all districts of the country.</li> 
</ul> 
India is intensifying its <a href="https://pib.gov.in/PressReleseDetail.aspx?PRID=2036398" target="_blank" rel="nofollow">fight against drug trafficking</a>, particularly on the darknet, by leveraging cryptocurrency monitoring to track illicit transactions. 
As part of its National Action Plan for Drug Demand Reduction (NAPDDR), the government is collaborating with local authorities and focusing on the growing trend of drug sales facilitated by cryptocurrencies. This move follows a rise in drug trafficking, as evidenced by recent data from the National Crime Records Bureau (NCRB). 
According to the published<a href="https://www.mha.gov.in/MHA1/Par2017/pdfs/par2024-pdfs/RS24072024/236.pdf" target="_blank" rel="nofollow"> data</a>, in 2022, India recorded 38,064 drug trafficking cases, a significant increase from the 26,560 cases recorded in 2020. More recent data has also revealed a spike in the use of the darknet and cryptocurrencies for drug-related transactions. 
Number-wise, India’s Narcotics Control Bureau reported 21 cases involving the darknet and cryptocurrencies in 2023, compared to only three in 2020. The bureau recorded its highest number of cases i…
The post <a href="https://coinedition.com/india-cracks-down-on-darknet-drug-sales-with-cryptocurrency-tracking/">India Cracks Down on Darknet Drug Sales with Cryptocurrency Tracking</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

India Cracks Down on Darknet Drug Sales with Cryptocurrency Tracking

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