Srinagar, July 8 -- Srinagar- Jammu and Kashmir is moving towards a coordinated and technology-driven strategy to combat cyber-enabled financial frauds and unregulated financial activities amid growing concerns over cryptocurrency scams, phishing and other sophisticated online offences.

The issue came up for discussion at the 37th Union Territory Level Coordination Committee (UTLCC) meeting convened by the Reserve Bank of India (RBI), Jammu, and chaired by Chief Secretary Atal Dulloo on Wednesday.

The meeting called for strengthening institutional capacities and enhancing coordination among financial regulators and enforcement agencies to effectively investigate and prosecute cyber-enabled financial crimes.

Regulatory bodies, including...