India needs its own crypto unicorns: Experts
By IANS| Posted by Mansoor | Updated: 14th May 2021 11:52 pm IST Representational Image
New Delhi: Stressing that India needs smart and sensible crypto regulation, leading cryptocurrency players in the country on Friday urged the government against the ban and sought engagement to build consensus on crypto regulation.
The government earlier indicated that it would take a ‘calibrated approach’ towards digital assets and formulating a Bill on cryptocurrencies. A final decision is yet to be taken.
At a webinar organised by the Internet and Mobile Association of India (IAMAI) and its Blockchain and Crypto Assets Council (BACC) members, the stakeholders said that consultation and dissemination of information between the government and the industry participants is crucial to determining the most appropriate regulatory framework and supporting innovation.
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May 10, 2021 Share
RICHMOND, Va., (AP) Police Chief Will Cunningham came to work four years ago to find that his six-officer department was the victim of a crime.
Hackers had taken advantage of a weak password to break in and encrypt the files of the department in Roxana, a small town in Illinois near St. Louis, and were demanding $6,000 of bitcoin.
“I was shocked, I was surprised, frustrated,” Cunningham said.
Police departments big and small have been plagued for years by foreign hackers breaking into networks and causing varying level of mischief, from disabling email systems to more serious problems with 911 centers temporarily knocked offline. In some cases important case files have gone missing.