A petition filed in the Delhi High Court seeking regulation of cryptocurrencies and an investigation into the recent BitBNS crisis. BitBNS, a prominent Indian cryptocurrency exchange, faced backlash after users reported withdrawal freezes, sparking concerns among investors. The court has now directed the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to respond to the issue. This case highlights the growing need for stronger oversight in India’s cryptocurrency sector.
