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Posted: 2025-05-20 13:32:30 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-20 13:33:13 UTC
Verified By
Rollup News
The Indian Supreme Court has stated that cryptocurrency needs to be regulated and that banning it is not an option. The court also noted that the current taxation of Bitcoin trading profits at 30 per cent implies a form of legal recognition, questioning why it is not regulated if it is already acknowledged in this manner.
Supreme Court's stance on crypto regulation
Implication of Bitcoin taxation as legal recognition
Lack of clear regulatory framework for cryptocurrencies in India