An Indian national has been apprehended for procuring drugs using cryptocurrency with the intent to distribute at parties.
Details of the Arrest
An individual in Gurugram, Haryana, was arrested by the Anti-Narcotics Cell for acquiring LSD using cryptocurrency. The authorities state the drugs were intended for distribution at high-profile parties. The arrest followed a tip-off regarding the suspect's covert activities.
Connection Between LSD and Cryptocurrency
The suspect, Mohammed Shahbaz, from New Town in Kolkata, purchased drugs, appearing as 'children's tattoo stickers,' from an international source using cryptocurrency. Authorities noted that the drugs were bought from a website called Bioness accessible via the Tor browser, with payments made in digital assets.
The Dark Side of Cryptocurrency Use
The dark web and cryptocurrencies are frequently exploited for illegal activities. In India, an FIR was lodged against the suspect under the Narcotic Drugs Act, with investigations ongoing. The use of cryptocurrency for drug trade underscores the urgent need for stringent digital asset regulations.
This case highlights the necessity for stringent regulation of cryptocurrency use to prevent their utilization in criminal activities.
