๐จ ๐จ BANNING CRYPTO IS NOT A SOLUTION โ
C๐ซ๐ฒ๐ฉ๐ญ๐จ ๐ง๐๐๐๐ฌ ๐ซ๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง said ๐ฎ๐ณSupreme court.
During a hearing on a ๐๐๐๐ ๐๐ข๐ญ๐๐จ๐ง๐ง๐๐๐ญ ๐๐ซ๐๐ฎ๐ ๐๐๐ฌ๐ , the Court questioned why the Indian government still hasnโt brought in any proper rules for #Crypto.
The case is about a man accused of abducting BitConnect staff and extorting ๐,๐๐๐ $BTC , ๐๐,๐๐๐ #L๐๐, ๐๐ง๐ โน๐๐.๐ ๐๐ซ๐จ๐ซ๐ in cash to recover his investment losses.
The court also pointed out that taxing crypto profits at 30% shows that it is legal, so why not regulate it properly?
The central government has been asked to respond and provide an update on its stance by July.
For now, the investigation into the case continues and will be reviewed again on May 30.
Now even the Supreme Court is tired and can't help users because there are no clear regulations about Crypto.
