The Supreme Court of India expressed concerns about the unregulated status of cryptocurrencies like Bitcoin during a recent hearing. While the government taxes crypto transactions at 30%, it lacks a regulatory framework. Justice Suryakant emphasized the risks and potential illegal uses of cryptocurrencies, calling for a structured legal approach.
![[Patanjali Fake Ads Case] SC Reserves Verdict in Contempt Of Court Against Patanjali](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/04/patanjali1.jpg?resize=447%2C367&ssl=1)
Today (14th May): The Supreme Court of India reserved its verdict in the contempt of court case against Patanjali Ayurved and its owners, Baba Ramdev and Acharya Balkrishna, over misleading advertisements. The court dispensed with their personal appearance pending the submission of an affidavit detailing the steps taken to remove the misleading ads and recall suspended products. The case has drawn attention to larger issues, including unethical practices in modern medicine and the liability of celebrities endorsing misleading advertisements.
The Supreme Court criticized the Uttar Pradesh government on 6th May, for requiring the wife of the district magistrate of Bulandshahr to serve as the president of registered societies in the district. The court denounced the norm as “atrocious” and “humiliating for all women,” questioning its relevance and practicality in today’s society. It raised concerns about gender bias and the state’s endorsement of such a practice. Additionally, it rejected the concept of spousal proxy presidents and urged the state’s women and child development department to justify the propriety and legality of the regulation. This issue arose from a dispute related to Bulandshahr’s Zila Mahila Samiti, and the case has raised questions about the state’s endorsement and approval of certain regulations.