The Indian national police academy, Sardar Vallabhbhai Patel National Police Academy (SVP NPA), has launched today, a cryptocurrency course to educate high-ranking officers of the Indian Police Service (IPS), an official blog post confirmed.
The two-day course dubbed “Investigation of cases involving cryptocurrencies” is subjected to train the officers on the functioning and legal aspects of digital currencies, as well as techniques to deploy in Investigations involving the cryptocurrencies.
The training will hold at the institute based in Hyderabad on the 5th and 6th of September. The enrollees who will be nominated IPS officers “will be posted as Assistant Superintendent of Police (ASP) in their respective states under whom the other sub-ranks of [the] police force will be working.”
The initiative is believed to preparing grounds, even as the Indian Government compound on the regulatory framework for cryptocurrencies, which was drafted by an inter-ministerial committee led by the Finance Secretary and Secretary of Economic Affairs, Subhash Chandra Garg.
The Police Academy will only train IPS officers “who have been selected through an All India based Civil Services Examination,” the institute website explained.
The development today spurred concerns on the first cybercrime awareness, and detection center opened in Indian, wherein the Delhi Police Commissioner, Amulya Patnaik said,
We are now equipped with technology to recover data from damaged hard disks, cryptocurrency analysis, malware forensics, and data can be retrieved from 33,000 kinds of mobile models available in the market.
Meanwhile, the cryptocurrency case in India is scheduled to hear on July 23 by the Indian Supreme Court. The court this time is expected to resolve the banking ban placed made by the country’s central bank after a series of postponing the case.
The temporary crackdown so far has had a negative impact on crypto-related business in India. Recently, Coinfomania reported the shutting down of cryptocurrency exchange, Koinex; citing 14 months of a hard time, following the de facto ban.