SC Slams Centre on Crypto Regulation Delay ⚖️

India’s Supreme Court, led by Justices Surya Kant and NK Singh, questioned the government’s slow progress on cryptocurrency regulations, noting that taxing Bitcoin profits at 30% implies legal recognition. Hearing a bail plea tied to a Gujarat Bitcoin scam, the court compared unregulated crypto trading to “refined Hawala,” warning of economic risks. The Centre promised an update by July 2025, as the court urged expert-led oversight to curb fraud while avoiding a blanket ban.Sources: Inc42, The Law Advice, Times of India#GENIUSAct