Indian IT Ministry directs crypto exchanges require to collect user private information for 5 Years

The new directives for VPN service providers and crypto exchanges would require them to collect critical private information as well the ownership patterns of customers.

Indian IT Ministry directs crypto exchanges require to collect user private information for 5 Years.jpg

The Indian Computer Emergency Response Team (CERT-in) which falls under the Minister of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual private network (VPN) providers, and data centers to store a wide range of user data for up to five years.

Under the newly issued directive, crypto exchanges operating in India will be required to store customers’ names, ownership patterns, contact information, and different other information.

Crypto exchanges and VPN services providers are also required to report any cyber incident within six hours of its occurrence and must hand over the collected data to the authorities upon order.

“When required by order/direction of CERT-In, for cyber incident response, protective and preventive actions related to cyber incidents, the service provider/intermediary/data center/body corporate is mandated to take action or provide information or any such assistance to CERT-In.”

Read full story at: https://cryptounity.news/indian-it-ministry-directs-crypto-exchanges-require-to-collect-user-private-information-for-5-years

Comments

StarkWare is built into a unique ZK-Rollup Snap by MetaMask

StarkNet is not yet natively compatible with MetaMask because it uses a different address and account structure than Ethereum this is not EVM compatible with the first-ever Layer 2 snap that makes ZK rollup compatible users now have better access to a permissionless decentralized network for quick cheap applications. We made a StarkNet dApp that lets users install the snap as well manage and add tokens that are based on StarkNet snap lets you manage StarkNet assets by making StarkNet keys from your MetaMask secret Recovery Phrase without having access to your MetaMask information. Read full news at: http://cryptounity.news/starkware-is-built-into-a-unique-zk-rollup-snap-by-metamask

Aave Votes to Deploy on Ethereum Layer-2 Solution zkSync

Matter Lab's proposal to deploy Aave on the Testnet for its Ethereum scaler zKSync has been approved. Aave community members approved Matter Lab's proposal to deploy the decentralized lending protocol Aave on its Ethereum scaling product zkSync. Most voters favor the proposal while a mere 0.02% abstained more than 501,000 Aave governance tokens (AAVE) were used in the voting process. The approved proposal is to deploy Aave to zkSync Testnet for Mainnet deployment Matter Labs would need to propose a new vote. Read full news at: http://cryptounity.news/aave-votes-to-deploy-on-ethereum-layer-2-solution-zksync

What is the Ethereum Merge? : All you need to know about Ethereum Merge 2.0

The Ethereum Merge is the joining of Ethereum’s proof-of-stake (PoS) Beacon chain with the Ethereum Mainnet to transition the Ethereum blockchain off the legacy Proof-of-work (PoW) system. This will bring about a 99.95% decrease in Ethereum’s energy utilization, and the capacity to additional scale the Ethereum environment. It will bring about Ethereum 2.0, another adaptation of Ethereum. Currently, there are two independent blockchains for Ethereum operating in isolation. These are the current proof-of-work (POW) Ethereum chain and a separate proof-of-stake Beacon Chain. The Merge means to emphatically work on the effectiveness of the Ethereum platform by eliminating the requirement for energy-concentrated mining. It rather permits a network of validators to assume control over the job of block production and consensus. Read full news at: http://cryptounity.news/what-is-the-ethereum-merge-all-you-need-to-know-about-ethereum-merge-20

Cryptounity.news

Search This Blog