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India considers Bitcoin as legal tender?

In the early hours of this Sunday, the personal Twitter account of Indian Prime Minister Modi (45.56, -0.90, -1.94%) was briefly hacked. Although the account was later recovered quickly, during the period of the theft, the account had shared a Bitcoin tweet, which was subsequently deleted.

The Office of the Prime Minister of India announced in a tweet: "Prime Minister Modi’s Twitter account @narendrammodi was temporarily stolen. This matter has been submitted to the Twitter platform, and the account has been immediately protected. Please ignore the sharing within a short period of time when the account was compromised. tweets."

During the stolen account, Modi’s Twitter account posted a tweet with a link, which read: “India has officially adopted Bitcoin as legal tender. The government has officially purchased 500 Bitcoins and distributed them. To all residents of the country."


At the end of November this year, Indian Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) stated that the government has no plans to treat Bitcoin as legal tender.

It is worth mentioning that this is not the first time Modi's Twitter account has been stolen. In September 2020, a hacker group calling itself "John Wick" (John Wick) hacked Modi's Twitter account and posted a large number of tweets calling on people to use cryptocurrency to "donate" to a so-called relief fund. .

CarryisLive, the video channel of Carry Minati (real name Ajey Nagar), a well-known YouTube "net celebrity" in India, was hacked and became part of a Bitcoin scam. According to reports, Carry Minati usually uses CharryIslive to publish game videos. After the channel was hacked, two videos titled "Ethereum Making Money Call" and "Charity Live: Helping Assam and Bihar" were broadcast live, asking users to donate Bitcoin.

Fortunately, netizens quickly discovered the problem, and these videos have now been deleted. Some people believe that the increase in the number of cryptocurrency frauds in India may be related to the country's deregulation. Recently, Indian Prime Minister Modi mentioned that cutting-edge technologies including blockchain, 5G, big data analysis, quantum computing, and the Internet of Things will have great development opportunities in India, and this year, rural Internet users in India surpassed the urban Internet for the first time in history. Users, there are now a total of nearly 500 million people connected to the Internet.

It is worth mentioning that Apple co-founder Steve Wozniak (Steve Wozniak) recently encountered the same scam, but he has sued YouTube and its parent company Google for the Bitcoin giveaway scam. The lawsuit seeks Punitive damages, and will be tried by a jury, and YouTube is also required to delete all Bitcoin giveaway scams and promotions that use his name and likeness.

Jaiveer Shergill, a member of the National Media Group of the National Congress of India, commented on Twitter that the theft of the Prime Minister’s account is a major worrying issue, exposing loopholes in network security. With the advancement and reliability of technology, policy makers must realize that network security is as important as border security and national internal security.

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