CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-04 07:39:52

India Joins Forces with Google and Meta to Combat Crypto Scams

The post India Joins Forces with Google and Meta to Combat Crypto Scams appeared first on Coinpedia Fintech News India has strengthened its effort to fight crypto-related scams. The 2024 annual report of the Indian Ministry of Home Affairs reveals that the country has ensured the support of tech giants like Google and Meta in its plan to curb crypto scams. Here is what you should know about the development. India Teams Up With Google and Meta to Fight Crypto Scams The report indicates that India’s initiative to fight crypto scams primarily targets ‘pig butchering’ scams. This type of scam is very sensitive, as it preys on the economically vulnerable groups of the country’s population, such as unemployed youngsters, housewives, students and financially struggling individuals. Teach giants have teamed up with India in this initiative, according to the report. How This Crypto Scam Works This scam has a clear pattern, which is extremely easy to identify. Generally, scammers use social media platforms and search engines, primarily Google’s advertisement services and Meta’s sponsored ads. They pose as experienced financial experts or officers of prestigious investment firms, to win the trust of victims. After gaining trust through their actions, they tactically convince victims to invest in fraudulent schemes. Indian Cyber Crime Coordination Centre’s Role The report highlights that the Indian Cyber Crime Coordination Centre has developed protocols in collaboration with tech giants to remove fraudulent content from platforms like Google and Meta in a timely manner. The report also emphasises that Google Pay has been brought under the purview of the Citizen Financial Cyber Frauds Reporting and Management System to enable real-time interception of suspicious transactions. In the year 2023 alone, no less than 16 billion Indian rupees were saved by this integration, as per the report. Training and Technology for Law Enforcement The report points out the nationwide training programs launched to improve crypto investigative capabilities, the National Cybercrime Reporting Portal’s role as an effective platform for reporting crypto scams, and the establishment of the National Counter Ransomware Task Force to fight massive crypto threats. India’s Role in Global Crypto Crime Fighting The report emphasises India’s commitment to global efforts to combat disastrous financial crimes like money laundering and terrorism financing, pointing at the effort made to achieve compliance with the Financial Action Task Force. In conclusion, India’s proactive measures, from teaming with tech giants to enhancing global cooperation, signal a hopeful future for the crypto space. As scams are curbed and awareness grows, AI tools and partnerships like these could ensure a safer, more secure ecosystem in 2025 and beyond.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta