India races to regulate cryptocurrencies as cyberattacks soar

New Delhi

A GIANT cyberattack that crippled India's largest container port in June provided a costly wake-up call for a country determined to digitise its mostly informal US$2 trillion economy.

As the scale of the attack became clear, Finance Minister Arun Jaitley called an urgent meeting. Those invited included top officials from the home, technology and finance ministries as well as the central bank governor, financial markets regulator and the country's top planner, according to the letter of invitation seen by Bloomberg.