Crypto india hearing

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Samanwaya Rautray. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. The issue cropped up in a criminal case where the accused is facing charges of defrauding people in a crypto-currency scam. A bench led by Justice D.

Chandrachud granted him interim protection from arrest till the next hearing but sought more clarity on the legal status of crypto currency. Discover the stories of your interest. Blockchain 5 Stories. Cyber-safety 7 Stories. Fintech 9 Stories. E-comm 9 Stories. ML 8 Stories. Edtech 6 Stories. Read More News on bitcoin Bitcoins legal status supreme court cryptocurrency bitcoins justice d.

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Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. A bench presided over by Justice DY Chandrachud posed the query while hearing a plea by one of the accused in the GainBitcoin scam, Ajay Bhardwaj, seeking quashing of the charges against him. Is it still an offence? The oral query came after Bhati told the bench that the case involved dealings of 87, bitcoins and the accused is not cooperating with the investigation despite the agency issuing several summons to him.

The SC had in August given anticipatory bail to Ajay Bhardwaj and protected him from coercive action and asked him to deposit Rs 1 crore as security. This scam involves 80, bitcoins which have a value of 20, crore. FIRs are registered all across the country. The victims are running into thousands and thousands of people whose money has been taken. Breaking News. One subscription for all our journalism.

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