India, Feb. 15 -- At the 2023 G20 Summit under India's presidency, world economies pledged to create a global regulatory framework for crypto assets. While each country must establish Its regulations, international collaboration is equally important.

This need for both domestic and global regulatory frameworks is exemplified by the recent WazirX case, which underscores the urgency of addressing vulnerabilities in the crypto ecosystem. WazirX, one of India's leading cryptocurrency exchanges, suffered a cyberattack in July 2024 by the North Korean hacker group Lazarus. This has been confirmed by a joint statement issued by the governments of the United States, Japan and South Korea and the three countries have pledged to collaborate to cou...