Makarand P Adivirkar, a Mumbai resident, was detained by the Narcotics Control Bureau Mumbai Zone for allegedly enabling the purchase of drugs in Bitcoin.
Bitcoin leverages peer-to-peer technology to operate without a central authority or banks, with the network managing transactions and issuing bitcoins collectively.
Following claims that the crypto king utilised Wazirx, an Indian cryptocurrency exchange, to facilitate his drug transactions, the exchange clarified that he is not a user.