OMB

Bloomberg: Indian regulators hint at strategy adjustment, cryptocurrency exchanges target Indian market

ChainCatcher news, according to Bloomberg, major cryptocurrency firms are returning to the Indian market, betting on a potential easing of regulatory policies. The U.S. exchange Coinbase has recently registered with the Indian Financial Intelligence Unit (FIU) and plans to launch a retail trading platform and expand its investments in India. Previously, platforms such as Binance, Bybit, and KuCoin have also completed their registrations, indicating a reconfiguration in the Indian market.India originally planned to release a cryptocurrency regulatory consultation document during its G20 presidency in 2023, but this has not yet been implemented. With the global policy environment shifting, particularly due to the pro-crypto agenda proposed by former U.S. President Trump, India is re-evaluating its regulatory strategy.Ajay Seth, Secretary of the Ministry of Economic Affairs of India, stated at a roundtable that several jurisdictions have significantly adjusted their positions over the past year. The risks of digital assets such as stablecoins, as well as the potential for cryptocurrencies to drive cross-border capital flows, could have profound impacts on emerging economies like India. He revealed that relevant discussion documents have been prepared but need to be revised according to the new circumstances.

Slow Fog Cosine: Using wallet whitelist mechanisms and combining hardware wallets for dual verification can resist "transaction record pollution attacks."

ChainCatcher message, Slow Mist's Yu Xian disclosed that the phishing technique of poisoning addresses with similar starting and ending numbers is still widespread, severely impacting the security infrastructure of the blockchain industry.Yu Xian pointed out that this type of poisoning targeting wallet transaction history mainly involves various techniques, including fake token contract codes emitting false event logs to deceive block explorers and wallets, as well as using zero-amount transfer event logs to arbitrarily fill in addresses in the from/to fields. These techniques can mislead users into believing that the transactions are from their own actions. Other common techniques include sending small amounts of funds from source addresses with the same starting and ending characters, combining clipboard hijacking technology, and impersonating well-known decentralized exchanges to output false event logs.Yu Xian recommends that users make good use of wallet whitelisting mechanisms, carefully verify complete addresses, and combine well-known hardware wallets for dual verification as defensive measures.Previously reported, two addresses suffered "transaction history pollution attacks" in the past 14 hours, resulting in a total loss of over $140,000.
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