The currency has been announced by IGCI director of cyber innovation and outreach Madan Mohan Oberoi, who said that his 30-strong team is working hard on the implementation of several projects to help contain cybercrime.
As for IGGI's own virtual currency, it can be used in a special training game that could create simulated scenarios of crypto currency use and misuse, according to Oberoi.
"It's a virtual world that we have created, and personnel can come and operate these things and learn by operating them. We felt that these things, if you try to teach people from a policing background through PowerPoint presentations, it doesn't make too much sense. Let them play around and learn more," Oberoi said.
High on the agenda will be developing digital forensics and exchanging expertise to forecast cybercrime.