Cryptocurrencies Threaten National Stability, Indians Doubt

Key Takeaways:


  • India’s Supreme Court has warned that unregulated crypto is forming a dangerous “parallel economy”.

  • Justices criticized the government for taxing crypto at 30% without providing a regulatory framework.

  • Pressure mounts on Indian authorities to introduce clear crypto laws amid rising use and fraud cases.

  • The Supreme Court of India is getting involved in the dispute over digital assets and is asking the government to quickly regulate cryptocurrencies like Bitcoin. The move follows repeated concerns over economic risks, fraud cases, and the contradiction of taxing unregulated assets.


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