Big news in the world of #CryptoInIndia! 🚨 The Supreme Court of India has raised serious questions about the government’s stand on cryptocurrency regulation. ⚖️📜
In a recent hearing, the apex court asked the Centre why there’s still no clear legal framework on cryptocurrencies like Bitcoin, Ethereum, or even India’s own Digital Rupee (CBDC). 🪙🤷
Despite the crypto boom 📈 and millions of Indians investing in digital assets, there's no specific law—just taxation rules and RBI’s cautious warnings. 🏦🚫 While the government introduced a 30% tax on crypto profits and 1% TDS, it hasn’t clarified if crypto is legal, illegal, or somewhere in between. ❓⚠️
The court questioned the “regulatory vacuum”, urging the Centre to clarify its stance. ⚖️🧐
🔹 Is crypto an asset, currency, or commodity?
🔹 What rights do investors have?
🔹 Who protects users from fraud or scams?
These are the burning questions investors and legal experts have been asking for years! 🔥
Meanwhile, countries like Japan, UAE, and the UK have already drafted clear and balanced crypto laws. 🌍💼 India, being home to the second-largest crypto user base, needs to step up before it’s too late. ⏳🇮🇳
The crypto community is watching this case closely! 👀 This moment could shape the future of blockchain innovation, fintech startups, and digital payments in India. 🚀💡
Will India embrace the future or stay stuck in confusion? 🧩 The ball is now in the government’s court. Let’s hope for a pro-innovation, investor-friendly outcome! 🤞📲
