Maharashtra Deputy Chief Minister Devendra Fadnavis has termed the ongoing cryptocurrency fraud issue as a “grave matter related to national security.” His statement comes amid growing concerns over the rise of cryptocurrency scams in India, with some high-profile cases allegedly involving money laundering and illegal activities linked to terrorist funding.
Source:- bbc news
Fadnavis’ comments come in response to allegations that several political figures might be involved or have knowledge of such fraudulent schemes. He stressed that authorities must act swiftly and decisively to investigate these cases, given the potential implications for India’s security and financial integrity. The issue has sparked a political debate, with Opposition leaders calling for transparency and accountability from the government in tackling cryptocurrency-related fraud.
Source:- news 18
Supriya Sule, a prominent opposition leader, has denied any involvement in the scams and expressed her willingness to cooperate with the investigation. Sule stated that she is “ready to answer” any questions from authorities regarding the matter, maintaining that she has nothing to hide.
The rise in cryptocurrency fraud has been linked to the lack of comprehensive regulation in the sector, with several individuals and organizations exploiting the gap in the legal framework. Experts have raised alarms over the increasing use of digital currencies for illicit activities, including money laundering and funding of terrorism.
In light of these concerns, Fadnavis urged the government to expedite efforts to regulate the cryptocurrency market, ensuring that stringent measures are in place to safeguard national security and protect investors from fraud. The investigation into the cryptocurrency fraud is expected to intensify, with both state and central agencies working together to uncover the full extent of the operations.
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