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An Indian cryptocurrency dealer who amassed a $40 million fortune was kidnapped by a police officer and 7 others who demanded he switch his bitcoin pockets to them, authorities mentioned Wednesday.
Vijay Naik, 38, was kidnapped within the metropolis of Pune on January 14 and advised handy over his digital fortune, together with 800,000 rupees ($10,700) in money.
He was abruptly let go the subsequent day when the abductors realised the police had been on their tail, and the perpetrators had been detained on Tuesday.
Among the many accused was Dilip Tukaram Khandare, a police officer who had been skilled in cybercrime investigations and had come to be taught of Naik’s bitcoin holdings.
“We’ve taken eight individuals together with a police constable who deliberate the kidnapping into custody,” a senior officer confirmed to AFP.
The case comes days after the arrest of a number of different officers accused of kidnapping a person in Jaipur and forcibly transferring $1.2 million in bitcoin from his cell into one other account, native media stories mentioned.
Cryptocurrency stays largely unregulated in India regardless of burgeoning native buying and selling platforms and glitzy celeb endorsements attracting hundreds of thousands of recent merchants.
The burgeoning market was banned in 2018 after a surge in fraudulent transactions however restrictions had been lifted by the Supreme Court docket two years later.
The federal government this week introduced a 30 p.c tax on income from digital currencies and the introduction of a “digital rupee” backed by India’s central financial institution.
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