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BULLISH🔥🔥🔥: Former Prime Minister of UK Liz Truss says, “I am a supporter of #Bitcoin and crypto, I think they're a good thing.”

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A day in the life 🐒

India has joined forces with tech giants Google and Facebook to address the growing number of scams known as "pig butchering" schemes. These scams use cryptocurrencies both as bait to lure victims and as a tool to launder stolen funds.
Targeting Vulnerable Groups: Youth and Financially Insecure Individuals
According to the 2024 annual report from India’s Ministry of Home Affairs, these scams primarily target unemployed youth, homemakers, students, and financially vulnerable individuals. Fraudsters exploit their trust, promising quick profits and high returns on investments.
Victims lose significant sums of money, often including borrowed funds. These scams are frequently promoted through advertising campaigns on Google and communication platforms like WhatsApp and Telegram.
Collaborative Efforts to Detect and Prevent Fraud
India’s Cyber Crime Coordination Center has partnered with Google and Facebook to identify and remove harmful ads, uncover fraudulent digital lending apps, and track phishing campaigns linked to these scams.
Additionally, cryptocurrency exchanges have been integrated into the Citizen Financial Cyber Frauds Reporting and Management System, enabling faster detection and blocking of suspicious transactions. This platform connects law enforcement agencies, financial institutions, and crypto platforms to prevent the illicit flow of funds.
Training Officers and Investigating Crypto Crimes
Nationwide specialized training programs are equipping Indian police officers with the skills to track cryptocurrency transactions, seize digital assets, and analyze blockchain evidence. These measures aim to strengthen investigative capabilities in combating cryptocurrency fraud.
India as a Target for International Scammers
With high cryptocurrency adoption at the local level, India has become a major target for scammers often operating from abroad, particularly from regions like Southeast Asia. Authorities are stepping up oversight of the currently unregulated crypto sector.
In 2023, India’s Financial Intelligence Unit mandated that cryptocurrency exchanges register as reporting entities to operate in the country.
Crackdowns on Major Fraud Cases
India’s Enforcement Directorate (ED), the country’s economic intelligence agency, has tackled several high-profile cryptocurrency scams. In June 2024, it froze assets worth over $3 million linked to the Highrich crypto Ponzi scheme, which promised returns of up to 15% on fake investments.
A few months later, the agency uncovered another fraudulent cryptocurrency scheme, causing losses of up to $800,000.
Collaborative Efforts for a Safer Crypto Sector
Through partnerships with tech giants, specialized training programs, and strict enforcement measures, India is strengthening its fight against cryptocurrency scams to protect its citizens and stabilize the crypto industry.

#IndiaCrypto , #Facebook , #Google , #CryptoNewss , #CryptoCrime

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Prime Minister Giorgia Meloni, an ally of Elon Musk, has asserted that investments from Musk-owned companies pose no threat to Italy. This was in response to a question on risks to national security.

Giorgia Meloni stated, “I work to have major investments in Italy and evaluate the usefulness of each investment through the prism of our national interest.” Recently, the world’s billionaire presented Giorgia Meloni with an award in New York. This has made news in Italy. What are these two getting from each other?

Notably, at an event, Musk said that Meloni is authentic, honest, and truthful, and that can’t always be said about politicians. Mutually, Meloni said that Musk is like a genius who’s been depicted as a monster only because he’s chosen the wrong side politically.

La partecipazione di @elonmusk ad #Atreju è stata anche un’occasione per dialogare insieme sui benefici e i rischi dell’intelligenza artificiale e sulle nuove prospettive legate a Starlink, il sistema satellitare di SpaceX.

Grazie Elon per aver preso parte a questa riuscitissima… pic.twitter.com/wScUU88GrP

— Giorgia Meloni (@GiorgiaMeloni) December 16, 2023

Musk and Meloni have discussed investment opportunities in the space and artificial intelligence sectors. Interestingly, foreign space companies are permitted to operate in Italy under the new regulatory framework.

Giorgia Meloni explains her relationship with Elon Musk

Since her far-right-led government assumed power in 2022, Meloni has engaged in frequent meetings with the billionaire founder of Tesla and SpaceX. She did this with the intention of attracting investments to Italy.

In fact, the Italian government under Meloni anticipates foreign space companies will generate 7.3 billion Euros (USD 7.7 billion) in investments by 2026. Last month, Meloni said, “I can be a friend of Elon Musk and at the same time the head of the first Italian government that made a new law to regulate private activity in space.” 

This came up as she responded to questions during a customary parliamentary discussion ahead of an EU summit in Brussels.

Her predecessors were criticized when she said that Italian leaders “who thought they had a good relationship, even a friendship, with a foreign leader, they had to slavishly follow what the others did.” Meloni also stated that she had positive relationships with several individuals; however, she does not follow orders from anyone.

Musk advises Italy

In December 2024, Elon Musk was the guest of honor at the “Atreju” political festival in Rome. It was hosted by Giorgia Meloni. When taking the stage, Musk told the crowd gathered at the Sant’Angelo Castle that Italy should have more children. He stated, “Make more Italians to save Italy’s culture.” 

Musk had previously expressed his belief that “population collapse due to low birth rates” is more perilous than global warming. He, therefore, said that there is a risk of losing countries.

Nevertheless, Musk and Meloni’s stance on surrogate babies might be different. Musk’s two children were born through a surrogate, a practice that Meloni’s party recently wanted to define as a “universal crime,” according to Politica.

In addition, the tech behemoth expressed his support for legal immigration. However, asserted that that alone would not resolve the population decline crisis in industrialized nations. He said, “My advice to all government leaders and people is to make sure you have children to create a new generation.”

This is a stance that Elon spoke even to the Americans. He contended that the immigration of only highly qualified foreign workers to the US. He asserted, “I’m extremely pro-immigrant. I believe we need a greatly expanded legal immigration system. We should let anyone in the country who is hardworking and honest and will be a contributor to the US.”

Also, as the X owner addressed the recent departure of advertisers from his social media platform, he stated that it was a symptom of the “woke mind virus” that was sweeping the US and was en route to Italy. Still, Musk’s interest in Italy has left people thinking that he has plans to invest in the nation.

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