FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore

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Finance Minister Nirmala Sitharaman addressed Lok Sabha parliamentarians in New Delhi, outlining India’s economic reforms and future strategies. A key point of discussion was the Income Tax Bill, 2025, specifically a controversial provision allowing tax authorities access to WhatsApp messages and emails.

Sitharaman defended this measure, arguing it’s crucial for combating tax evasion and financial crimes exploiting encrypted platforms. She highlighted a recent successful case where decrypted WhatsApp messages led to the recovery of over Rs. 90 crore in crypto assets from a criminal syndicate.

The Finance Minister emphasized that while encryption offers privacy, it’s being increasingly abused for illicit activities. This provision, she asserted, is a necessary tool for law enforcement to track and prosecute financial criminals effectively, ensuring a more transparent and accountable financial system. The government aims to strike a balance between protecting individual privacy and safeguarding the nation’s economic interests.



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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore



Finance Minister Nirmala Sitharaman addressed Lok Sabha parliamentarians in New Delhi, outlining India’s economic reforms and future strategies. A key point of discussion was the Income Tax Bill, 2025, specifically a controversial provision allowing tax authorities access to WhatsApp messages and emails.

Sitharaman defended this measure, arguing it’s crucial for combating tax evasion and financial crimes exploiting encrypted platforms. She highlighted a recent successful case where decrypted WhatsApp messages led to the recovery of over Rs. 90 crore in crypto assets from a criminal syndicate.

The Finance Minister emphasized that while encryption offers privacy, it’s being increasingly abused for illicit activities. This provision, she asserted, is a necessary tool for law enforcement to track and prosecute financial criminals effectively, ensuring a more transparent and accountable financial system. The government aims to strike a balance between protecting individual privacy and safeguarding the nation’s economic interests.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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