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Market News

India’s Home Minister Amit Shah cracks down on Crypto for Drug Menace

Written By Pari Shukla
Fact Checked by Vaibhav Jha
Published 2025-01-13·Updated 2 years ago
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India Home Minister AMIT Shah says use of cryptocurrencies in crime remains a challenge

India continues to deal with the menace of drug smuggling and other cyber crimes, facilitated by cryptocurrencies, as observed by the Union Home Minister Amit Shah at a recent event on last Saturday. Addressing a conference on ‘Drug Trafficking and National Security’ held in New Delhi, Shah said that dark web, cryptocurrency, online marketplace and drones continue as a major problem for the country and must be checked by tough government measures.

“The use of the dark web, cryptocurrency, online marketplace, and drones continue to be a challenge for us even today,” said Shah.

Shah said that a proper scientific solution to these problems can be addressed through a joint effort by the states, the central government, and technocrats for the country’s security and development. The Indian government has time and again viewed cryptocurrencies as a medium to facilitating drug smuggling and other nefarious activities. India has not banned crypto but it doesn’t recognize it as legal tender.

As per the MHA report 2024, the Indian police have taken various pro-active steps to train its officers on cryptocurrencies in order to thwart rising incidents of cyber crime in India. Additionally, MHA has conducted short-term training programs for foreign Police Officers on various subjects, such as Cybercrime Investigation, Counterterrorism, Dark Web and Cryptocurrency, Tactics, Mobile Forensics, economic offences, Explosives, Improvised Explosive Devices and Post-Blast Procedures, urban operations, open-source intelligence, and Social Media Analysis. 

Further addressing his government’s resolve against drug smuggling, Shah said that the united fight against drugs has seen positive impact.

He further added, “In the last 10 years, there has been a seven-fold increase in the seizure of drugs which is a major achievement. The Modi government has given a strong message of destroying the entire ecosystem of drugs through strict action.” 

Home Minister said that in the year 2024, by seizing drugs worth Rs 16,914 crore, the Narcotics Control Bureau (NCB) and police across the country took the biggest action against drugs, which is a significant step in making a drug-free society. 

“No country can move forward on the path of development with a young generation suffering from drug addiction. It is our responsibility that we all fight this challenge together and make all efforts to win this battle,” he said. 

As reported by The Press Trust Of India, The conference was organized by the NCB, which aimed to address the growing concern of drug trafficking and its impact on national security, with a special focus on eight states and Union Territories of northern India. 

The main focus of the conference was on the sharing of real-time information from the National Narcotics Helpline ‘MANAS’ portal with the Anti-Narcotics Task Force (ANTF) of states and UTs, evaluating the progress of states in combating drug trafficking, and assessing the effectiveness of the Narcotics Coordination Mechanism (NCORD). 

The conference was attended by governors, lieutenant governors, chief ministers and senior officers from the eight participating states and UTs. Senior officers from various central ministries, departments, and law enforcement agencies also attended the conference.

Also Read: Singapore Bans Crypto Prediction Platform Polymarket

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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