The clandestine world of ‘Dark Web’ and virtual currency Bitcoin will be the focus of deliberations among global investigators gathering in New Delhi on Wednesday for the sixth global conference on asset recovery organized by Interpol. Also Read - Bitcoin price jumps after Elon Musk tweets Tesla will accept crypto in future
The ‘Dark Web’ which is commonly used by terror organizations and unscrupulous elements to communicate without getting intercepted by intelligence and security organizations has caused concerns in global security apparatus, CBI on Monday said. Also Read - How to buy Bitcoin in India: Top 5 apps to buy, sell and trade Bitcoin
Another issue is Bitcoin, which have evolved as virtual currency and now are being used for transferring money for illicit deals across countries with value of one Bitcoin estimated to be around $650 (roughly Rs 43,000), CBI spokesperson Devpreet Singh said. Also Read - This country becomes world’s first to approve Bitcoin as official currency
Besides, recently issued Silver Notice by Interpol to locate, identify, obtain information, monitor, seize, freeze and confiscate assets of criminals by member states will be discussed among the participants from 51 countries. The 6th Global Focal Point Conference on Asset Recovery to be inaugurated by Prime Minister Narendra Modi will aim to respond to concerns of asset freezing, seizing, confiscating, and recovering stolen assets.
Launched on 19th January, 2009, the Global Focal Point is a partnership between StAR and Interpol which was created to promote and increase the exchange of corruption data among law enforcement agencies and anti-corruption entities worldwide, Singh said.
“StAR is a partnership between UNODC and World Bank. ‘Focal Points’ are anti-corruption practitioners registered with the project who form an international network of experts,” she said.
The 21st Conference of CBI, state Anti Corruption Bureaux and Vigilance Bureaux will also be inaugurated by the Prime Minister. The conference will cover various sub-themes namely – ‘Evolving common approach to combat corruption across multiple jurisdictions’; ‘Addressing challenges in the existing Anti Corruption legal frame work’ and ‘Best practices in Anti Corruption Efforts’.