Delhi HC denied bail to a businessman in a crypto scam, warning that crypto dealings can dissolve legal money into untraceable funds. The court cited serious economic and legal concerns.
The Supreme Court of India rejected a plea for cryptocurrency regulation, stating that the judiciary cannot create laws, as this responsibility lies with the government. Petitioners highlighted rising fraud complaints in the cryptocurrency space, but the court emphasized that they should directly approach the appropriate authorities for legal matters concerning cryptocurrencies.
