Title: Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court
Post by: Bitcoin on Jun 14, 2024, 08:10 am
Post by: Bitcoin on Jun 14, 2024, 08:10 am
Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under […]
Source: Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court (https://news.bitcoin.com/landmark-ruling-crypto-dealings-not-illegal-in-india-says-high-court/)
The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under […]Source: Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court (https://news.bitcoin.com/landmark-ruling-crypto-dealings-not-illegal-in-india-says-high-court/)