Bitcoin News Official Today TheBitTimes.com

State secrets revealing the details of Indian Navy submarines and warships have reportedly been leaked to Pakistani intelligence operatives by an Indian spy in exchange for crypto , an offense punishable by death.   As reported by local media, the National Investigation Agency (NIA) accused Manmohan Surendra Panda of spying for Pakistani operatives before selling the confidential naval documents. The Mumbai resident allegedly exchanged India’s classified information with an operative identified as ‘Harsh’ and received payment through “ crypto channels” for his spy work. He supposedly received the crypto payment from various other Pakistani operatives. Panda is charged with spying under Section 3 of The Official Secrets Act (OSA), conspiracy towards acts of terrorism under Section 18 of the Unlawful Activities (Prevention) Act, and destroying evidence under Section 201 of The Indian Penal Code. According to The OSA, the penalty for spying “where the offence committed is… i...

Filed in September 2022, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, 2023. Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes. According to official data on the U.K.’s parliamentary acts website, the Economic Crime and Corporate Transparency Bill is expected to receive royal assent on Oct. 26, meaning the bill would complete all the parliamentary stages in both houses of parliament. Introduced in September 2022, the passed legislation aims to expand authorities ’ ability to crack down on the use of cryptocurrency in crime s like cyber crime , scams and drug trafficking. One of the provisions of the Economic Crime and Corporate Transparency Bill permits the recovery of crypto assets used in crime s without conviction, as some individuals may avoid conviction by remaining remote. The legislation also aims to combat the us...