- Indian Home Minister, Amit Shah on a plot to get rid of crypto terrorism.
- Any virtual asset transaction should involve biometric identification, Amit Shah says.
Though crypto and virtual assets are gaining popularity, there exists certain criticism including terrorists’ usage of cryptocurrencies in an anonymous way. Amit Shah, an Indian Minister of Home Affairs has highlighted the consequences of terrorists utilizing the crypto assets and metaverse. However, the growing crypto exploitation points the terrorism as fuel.
JUST IN – "Terrorists are using Crypto Assets for financial transactions & they can also use metaverse to brainwash youth."
— Crypto India (@CryptooIndia) July 13, 2023
"Change from Dynamite to Metaverse and Hawala to Cryptocurrency is a big concern."
– Amit Shah || Minister of Home Affairs of India pic.twitter.com/2ByicgVqmc
As per the information from Crypto India, the financial transactions of terrorists have been predicted using crypto assets. The way of reach might hype the younger generation through the metaverse platform.
Amit Shah Alarms the Nation
Concerning the speech delivered by Amit Shah, India seeks new ideas through unknown methodologies of using virtual assets. Alongside, he condemned retaining the financial wealth of the country with ridiculous methods.
He also mentioned that the terrorists use the DarkNet for the game-change mechanism. Moreover, India needs to look for the safety measures of abrupt change before terrorists do. The virtual assets and metaverse have reached far ahead in the country with their knowledge.
Furthermore, in the future, there could be something more innovative would rise than metaverse which might tend to provide a huge impact across the world. For the concern of safety, there needs a biometric way of approval identifying the user before making a transaction of any cryptocurrency. This way we could have cyber security by our side interpreting the misinformation which gets transferred, added Amit Shah.
