Indian Computer Emergency Response Team (CERT-in), which is under the Ministry of Electronics and Information Technology. got outThe new directive forces exchanges, virtual private network (VPN) providers and data centers to store various data. of users for up to five years
under the newly issued order Crypto exchanges operating in India are required to store customer names. Ownership form, contact information, and other information
Crypto exchanges and VPNs are required to report cyber incidents within six hours of their occurrence. and must deliver the information collected to the officers as instructed
“When receiving a CERT-In order in response to a cyber incident Protection related to cyber incidents The service provider/intermediary/data center/organization mandated to act or provide such information or assistance to CERT-In.”
The new directive goes into effect on June 22, which may force multiple VPN providers and privacy-focused crypto platforms. It does not collect or store sensitive user data to disable operations.
CERT-in claims that the new directive is intended to help them take action against cybercrime within six hours, however, the range of information they ask the platform to store and transmit. This raises concerns about user privacy.
“Our government wants to control the private lives of the people. And our constitution does not allow this. but actually No one in India cares so much about personal data.”
However, some crypto exchange owners welcomed the process. It said it would help prosecute tax evaders, said Unocoin CEO Sathvik Vishwanath.
“This is a good move. And it helps crypto players be clear about the data they store. This information will help prosecute tax evaders and any crimes committed using crypto.”
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