July 20, 2024

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

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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

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Source: Bitcoin World

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