Law Enforcement knowledge sessions by CoinSwitch amidst rising crypto adoption

India, twentieth June 2023: CoinSwitch, one in every of India’s largest Virtual Digital Assets / Crypto buying and selling platform, has been conducting multi-city consciousness and knowledge-sharing sessions on blockchain know-how and VDAs for legislation enforcement officers (LEAs) as its doubles down on its “protected crypto initiative”. The train, helmed by the group’s authorized and coverage groups, has to date performed 11 sessions, coaching greater than 750 officers from varied legislation enforcement companies and tax officers throughout eight States.

“Addressing the present knowledge hole in VDAs is a necessity to construct a clear and reliable VDA ecosystem in India. Our collaboration with LEAs and different stakeholders on such knowledge-sharing sessions assist to maneuver the needle ahead in establishing assurance and confidence, in addition to serving to VDA traders in India,” mentioned Ashish Singhal, Co-Founder and CEO, CoinSwitch.

“We are grateful and sincerely recognize the enthusiastic involvement and insightful contributions of all of the officers; their presence makes these sessions extremely productive,” he added.

“Having participated within the authorized and regulatory developments for rising applied sciences for the previous 2 many years, I firmly imagine {that a} nation can solely embrace and succeed on this ever-evolving tech area if one in every of its most crucial pillars, i.e. legislation enforcement companies, are totally geared up to maintain the know-how protected and safe from nefarious actions. I’m fascinated to see quite a lot of curiosity from the officers and their current stage of understanding. These sessions have served as an efficient platform for conversations round elements of blockchain know-how and VDAs, overlaying a variety of subjects, spanning the basics of blockchain and VDAs to the evolving way forward for Web3, varied investigation instruments, and software of investigation and digital proof jurisprudence” added Ashish Chandra, General Counsel, CoinSwitch.

CoinSwitch just lately launched a marketing campaign known as #NoFraudSquad to empower customers in recognizing actions equivalent to counterfeit internet domains and phishing assaults. Over the course of three days, the marketing campaign garnered a powerful response, with customers flagging greater than 1500 entries and 32 faux domains and social handles have been taken down.