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<h1>Cryptocurrency Regulation Urgently Needed: Government Must Develop Clear Policy Framework to Address Economic and Legal Uncertainties</h1> The Supreme Court questioned the Centre's lack of a clear policy on cryptocurrency regulation, comparing Bitcoin trade to an illicit 'hawala' business. During a bail hearing for an accused in an illegal Bitcoin trade case, the court highlighted potential economic risks and called for comprehensive regulatory guidelines. The bench emphasized the need for oversight and transparency in virtual currency transactions, expressing concern about the unregulated nature of cryptocurrency trading in India.