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Cryptocurrency

A need for legal reform

Very recently, the Madras High Court, on 25 October, declared cryptocurrency a ‘property’ of the user. The question for declaring it as a property arose from a recent incident in which an investor, Rhuti Kumar, among other investors, lost savings in WazirX due to a cyberattack on the platform.

J-K SIA cracks down on cross-border terror funding networks

In a significant move to dismantle terror financing infrastructure, the State Investigation Agency (SIA) Kashmir on Friday conducted simultaneous search operations across Jammu, Doda, and Handwara, targeting suspected nodes of a cross-border conspiracy involving cryptocurrency-based funding for terrorism, said an SIA spokesman.