Indian Parliamentary Report Flags Crypto’s Role in Cybercrime Surge

A scathing report from India's Parliamentary Standing Committee on Home Affairs paints cryptocurrencies as a growing enabler of cybercrime. The 254th Report on Cyber Crime, tabled in August 2025, systematically links digital assets to fraud, human trafficking networks, and dark web markets. Inputs from five major agencies—including the RBI and CBI—form a damning indictment of crypto's illicit applications.

Cryptojacking emerges as a stealth threat, with hackers covertly hijacking consumer devices for mining operations. The technique now ranks alongside phishing and DDoS attacks in India's cyber threat hierarchy. More alarmingly, the Ministry of Home Affairs has documented cryptocurrency payments facilitating human trafficking operations, though specific blockchain forensic data remains undisclosed.