wordpress blog stats
Connect with us

Hi, what are you looking for?

Crypto without oversight is a threat to sovereignty: Maharashtra IGP Brijesh Singh

In his talk, Singh spoke about the role of crypto in economic conflict and the need for cyber preparedness in India.

IGP Brijesh Singh (left) speaks at the Cyber Warfare 2021 event

"Technological superiority is going to determine the sovereignty of a country of a nation state in the coming times," said Brijesh Singh, the Inspector General of Police under the Government of Maharashtra in a session at the Cyber Warfare Symposium 2021. In his keynote address titled "Cyber Preparedness: Enemy At The Gate," he spoke about the dangers of cryptocurrencies as tools for economic warfare and citizen participation in cyberattacks among other things. Until recently, Singh served as the head of Maharashtra's cyber cell. Cyber preparedness key to sovereignty: Brijesh Singh Here are some of the key points Singh made in his keynote address and in the Q/A session: Crypto for economic warfare: In his address, Singh highlighted the threat of adversary states controlling your economy by exploiting vulnerabilities in cryptocurrencies: Imagine an adversary state. If it finds a technical solution to attack the cryptocurrencies or dominates the flow of cryptocurrencies in your region, then they would be very well able to control your economy... So in a linked economy, if you have a kind of currency which is just based on speculation and has no control of the central banks anywhere, then it is a huge threat to the sovereignty of nation States. - Brijesh Singh As an example, Singh pointed out that Pakistan used to print currency notes and send them to India to cause inflation as a means of economic warfare. "Imagine how easy that becomes if you have a cryptocurrency," Singh added. Technological superiority for sovereignty: Singh…

Please subscribe/login to read the full story.
Written By

Figuring out subscriptions and growth at MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ