🔸Family, I have news that concerns all of us who are involved in the crypto world, especially if we look at what is happening in other countries!
The Supreme Court of India is on fire and is demanding explanations from the central government. What’s the reason? They don’t have a clear policy on cryptocurrency regulation. Can you imagine!
Judges Surya Kant and N. Kotiswar Singh were direct: "There is a parallel cryptocurrency market that could affect the economy." And they are absolutely right; if it's not regulated, how do you control what happens there? They say that by regulating, they can keep an eye on all the trading.
In fact, Judge Kant made a strong statement: he compared Bitcoin trading ($BTC ) to the Hawala business, which is like an illegal money transfer. That’s serious!
All of this came to light while reviewing a fraud case related to cryptocurrencies. The most shocking thing is that the Court expressed frustration because the government still refuses to step up and bring order to this issue.
Let’s remember that India had plans to release a document on its crypto stance last September, and still nothing! Apparently, part of the delay is because they are watching how things go for the United States with their more "friendly" crypto policies.
.
.
.
.
.
.
.
.
.
.
@KeanuLeafes @Potenzza @Elex Rocks @VERIFYLINK @ROMVNSEVEN @EarnPii @prince BV07 @MMH_001 @CEMRADA ❤️💚