According to reports from Wu, the Supreme Court of India has questioned the central government's long-standing failure to regulate cryptocurrencies, stating that the lack of a clear legal framework provides a breeding ground for 'abuse.' The court emphasized that a complete ban on cryptocurrencies is unrealistic and that the government should implement regulatory measures as soon as possible. Two years ago, the Supreme Court had already asked the government to clarify its policy on virtual currencies, believing that the government's prolonged inaction is tantamount to 'turning a blind eye.'