⚖️ The judiciary acquits WazirX from the lawsuit! ⚖️
The National Consumer Disputes Redressal Commission (NCDRC) issued a ruling rejecting the lawsuit against the #WazirX platform, noting that cryptocurrencies 🪙 are not classified as goods or services under current Indian law.
❗ The absence of legislation hampers cases ❗
With no clear legal regulations governing the crypto market in India 🇮🇳, the court was unable to proceed with the case, reflecting the legal gap faced by these digital assets 📉.
🔍 What’s next?
This decision highlights the urgent need for a clear legal and regulatory framework 📜 to protect investors and ensure transaction transparency in the growing world of cryptocurrencies 🚀.