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India’s Supreme Court Advocates for Crypto Regulation Over Ban
India’s Supreme Court Advocates for Crypto Regulation Over Ban
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India’s Supreme Court has urged regulatory bodies to establish clear guidelines for cryptocurrency activities, rejecting calls for an outright ban. The court emphasized the need for oversight frameworks that align with the growing adoption of digital assets nationwide.
Judges highlighted India’s existing 30% tax on crypto gains as proof of the asset class’s integration into the financial ecosystem. They called for balanced governance that fosters innovation while protecting investors.
Regulators have been directed to collaborate with technical experts to develop a functional framework for the sector. The MOVE signals a progressive stance toward cryptocurrencies, acknowledging their role in modern finance.
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