Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court

The Orissa High Court in India ruled that crypto dealings are not illegal in India according to the Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act

Source: Bitcoin World