India’s Supreme Court Calls for Crypto Regulations Amidst Confusion and Fraud

India’s Supreme Court has issued a mandate for crypto regulation, acknowledging the existing confusion surrounding taxation and the growing impact of fraud cases. Justices Surya Kant and N. Kotiswar Singh stressed the urgency of implementing guidelines rather than outright prohibition. They emphasized that while technicalities should be addressed by experts, public oversight is crucial to navigate this evolving landscape. 2,091 BTC in a recent fraudulent case exemplifies the need for effective policies and regulatory frameworks.