It goes on to examine demographic and sociological trends that drive India's fascination with the related areas of cryptocurrency, crimes involving crypto, and the deep Dark Web.
The book also takes a mildly haphazard look at the policy space. The fact that the policy description is mildly haphazard is not the author's fault.
She's done a good job in imposing some degree of coherence in her description of a policy environment that is actually very haphazard and chaotic.
There's a lot to unpack here so I will attempt to summarise what the reader will learn. One, as India has digitised, and created a structure for smooth electronic transfers of cash, it has become increasingly vulnerable to "faceless" cyber-scams.
It has a large population of elderly non-tech savvy folks, who are shaky when it comes to digital security. It has corporations and government organisations that are casual about data security. It has been late in legislating laws to safeguard data privacy, and those laws have grey areas. People in law enforcement struggle to understand data security and cybercrime. The ambiguous policy attitude about crypto makes it even harder to police.
Second, India also has a huge population of young, tech-savvy, unemployed people with access to smartphones and cheap data plans. It is easy for them to create, or to get sucked into get-rich-quick schemes. They naturally gravitate to crypto, and they're amoral when it comes to shady practices since in many cases, they're driven by desperate need.
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