Supreme Court Urges India to Implement Crypto Regulations

The Indian Supreme Court has strongly urged the government to prioritize crypto regulation. The court’s criticism stems from the lack of regulatory frameworks for digital assets despite heavy taxation on them. This action comes during a case concerning illegal Bitcoin transactions. Justices highlighted the potential economic risks associated with an unregulated crypto industry, urging the government to balance taxation with regulation. The Supreme Court’s intervention underscores the growing concerns regarding India’s stance on cryptocurrency and its implications for investment.