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India’s Top Court Compares Bitcoin Trading to ’Digital Hawala’—Regulators Seethe
India’s Top Court Compares Bitcoin Trading to ’Digital Hawala’—Regulators Seethe
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In a ruling that sent shockwaves through crypto circles, India’s Supreme Court likened Bitcoin trading to a ’refined Hawala network’—the informal value transfer system regulators love to hate. The comparison cuts deep, framing crypto as the slick, algorithmic cousin of traditional underground finance.
Market watchers brace for fallout: will this ignite fresh crackdowns, or just add another layer of bureaucratic irony to an industry already drowning in compliance theater? Either way, bankers are already smirking—nothing disrupts disruption like a good old-fashioned regulatory chokehold.
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