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India’s Supreme Court Advocates Crypto Regulation Over Ban
India’s Supreme Court Advocates Crypto Regulation Over Ban
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India’s Supreme Court has emphasized the necessity of cryptocurrency regulation, dismissing an outright ban as detrimental to the nation’s economic interests. Justices Surya Kant and NK Singh underscored the urgency for a robust regulatory framework, challenging the government’s prolonged inaction.
The bench rejected previous arguments citing the global nature of crypto markets as a barrier to regulation. "Meaningful oversight requires deliberate action, not excuses," the ruling implied, marking a pivotal moment for India’s digital asset policy.
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