NewsDrop from Mr.Belferman

▫️💸 Bitcoin = Hawala 2.0? — India throws in a statement

The Supreme Court of India compared trading Bitcoin without regulations to a “sophisticated Hawala system” — that is, shadow money transfers.

The court also harshly criticized the government, which has been promising rules for crypto for two years… and is still silent.

I am certainly not an expert on Indian legislation,

but when the court starts throwing around words like “Hawala,”

it’s no longer just a “regulatory vacuum” — it’s a regulatory black hole.