💨 Abstract

The Supreme Court of India has declined to establish a regulatory framework for cryptocurrencies, stating that it cannot "lay down the law". The court suggested the petitioners make representations to the government, as the issue is within the domain of policy makers. The court's decision comes as several complaints regarding cryptocurrencies have been filed across the country, and there is currently no law to regulate them.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖