Earlier this year, the Director of the Narcotics Control Bureau (NCB), General RR Bhatnagar had revealed that the NCB had its eyes on what were considered two major darknet drug syndicates as they slowly worked their way to the top operatives in order to shut them down completely.
By the time of the report, the NCB had managed to identify a number of associates, who they were using as support to get to the top of the hierarchy.
A “Year Of Firsts” in Terms of 500 Bitcoins Seizure
This was a first for the Indian law enforcement, who had never had to deal with cyber crime, particularly to the use of bitcoins to run drug-based online marketplaces.
General Bhatnagar had revealed that they had traced drug trafficking to his country and that at the moment, investigations were ongoing.
It looks to be a year of momentous firsts for India, the law enforcement is also setting itself to seize 500 bitcoins from a third illegal drug racket operating in the country.
In a press statement, the NCB revealed the details of the upcoming seizure of the massive amount of digital cryptocurrency from one of the illegal drug vendors based in their country.
While the details are still a bit unclear, the NCB hinted that the upcoming seizure of bitcoins will be performed on the newly discovered syndicate located in Western India.
Investigations into the Bitcoins Seizure Have Been Concluded
As things stand, investigations have been completed and now it is only a matter of straightening out a few legal aspects before the upcoming bitcoins seizure can be implemented.
Crimes related to bitcoins in India are few and far apart, such that there is no clear law concerning how the law enforcement should handle the seizure of the cryptocurrency in instances such as the upcoming drug trafficking operation.
Law enforcement will have to be prepared in the seizure of bitcoins drug-related incidences under the Narcotic Drugs and Psychotropic Substances Act (NDPS) in addition to reviewing a few other laws.
Asset breakdown in investigations is normal in India.
However, the seizure of bitcoins stands out on its own due to the fact that law enforcement has never had to deal with such a case before.
The NCB is, therefore, working to modify laws that will allow bitcoins to be encircled in the scope of affected assets in case it is involved in criminal investigations.
India Stepping Up Their Efforts against Dark Net Markets Based on Bitcoins
General Bhatnagar has submitted the case for investigation at the NCB headquarters after reviewing the upcoming seizure of the 500 bitcoins from the drug syndicate, according to MillenniumPost.
Contrary to what most might believe, the seizure of the bitcoins does not mark the beginning of India’s fight against dark net markets.
A while back, the Central Crime Branch had already taken a step against the drug trafficking by making it the obligation of postal services to scan all the packages sent and received from the post offices.
In addition to that, the CCB also asked the postal service officials to verify the identity of the sender and requesting for proof of identity if necessary.
The training of the courier agencies is being supervised by the CCB zonal director, Sunil Kumar Sinha, whose highlights that the law enforcement’s biggest concern are drugs that are shipped while being concealed in books and sheets of paper.
Although India is adapting to the increased of cyber crime, Sinha admits that even there is a virtual financial transaction, catching up with online drug vendors will not be easy.