Comparative Study of Laws on Crypto Currency and Diminishing Cyber Privacy

With the advancement of technology, data privacy and data protection have become a major concern. People have now become dependent on internet and websites for connecting with their friends and relatives, for shopping, finding a groom or a bride, or making financial transactions. It might lead to infringement of private data if not used cautiously. Data protection of the data users is now at stake by the interference of strangers. Digital technologies are our reality and not the future. The modern states especially focus on developing new and competitive technologies. Therefore, it is important to put forward the state-of-the art issues and explain future steps in regulation of the digital technologies across the world. The nexus between crypto currency and recent cybercrimes shall be discussed. Absence of any regulatory framework in India to govern recent digital technologies and latest cybercrimes give ample opportunity to the fraudsters to infringe the data privacy of netizens. The privacy issues on using crypto currency are fake tech support, fake crypto exchanges, fake investment scams, phone porting, data theft where crypto scammers target innocent victims and rob all money from them.