Supreme Court Demands ED’s PMLA Records & Urges Crypto Regulation—Is the Tide Turning?
India's Supreme Court just dropped a legal bombshell—ordering the Enforcement Directorate (ED) to cough up PMLA records while pushing for urgent crypto oversight. No more regulatory limbo?
Behind the gavel: Judges aren't buying 'progress reports' anymore. With crypto transactions bleeding into money laundering cases, the bench wants hard data—and frameworks—yesterday.
The irony? Traditional finance still can't decide if crypto is a threat or an asset class. Meanwhile, decentralized networks keep clocking record volumes while regulators play catch-up. Typical.
One thing's clear: When courts start demanding blockchain forensics alongside fiat paper trails, the game's already changed. Watch this space—the next ruling could reshape India's entire digital economy.
How does the Enforcement Directorate retain its credibility with less than 10 convictions in more than 5,000 cases? The Supreme Court to ED posed this burning question on Thursday while putting forth cutting comments about the agency's functioning under the provisio... Read More
