India’s Supreme Court Deals Win for Crypto—Rejects Ban, Backs Regulation

In a landmark ruling, India’s top court slams the door on a blanket crypto ban—opting instead for regulatory oversight. Traders cheer as uncertainty lifts, while bureaucrats scramble to draft rules that’ll probably be outdated by the time they’re printed.

Active markets spike on the news, proving once again that governments are better at playing catch-up than setting the pace. The verdict cuts through years of regulatory limbo, giving exchanges breathing room—for now.

Finance ministry grumbles about ’unregulated risks,’ conveniently ignoring the 300% annual inflation in their fiat currency. Crypto wins this round—but the regulatory fight’s far from over.

Supreme Court of India Advocates for Standardized Crypto Regulation

A bench of Justice Surya Kant and Justice NK Singh has brought cryptocurrency back to the limelight in India. In a new proceeding, both judges have questioned the lack of cryptocurrency regulation in India. The bench in a new, praiseworthy legal process has advocated for a standardized regulatory approach. The court suggested a complete ban on cryptocurrency might not be feasible, as it may deliver negative results for the Indian economy.

JUST IN:India’s Supreme Court says crypto should be regulated, not banned.

The Supreme Court Current Stance?

The court later proposed a regulatory approach, adding how it may end up helping the Indian economy in the long term.

At the same time, the court also raised issues about the lack of evidentiary support, as the domain lacks a legal definition and backing.